American Bankers Association CRCM Exam - Topic 5 Question 125 Discussion

Actual exam question for American Bankers Association's CRCM exam

Question #: 125
Topic #: 5

An electronic image of an item together with electronic information describing that item in an approved format will be considered a valid instrument. Common forms of instruments are the following EXCEPT:

AChecks: Drafts drawn on a bank and payable on demand

BPay checks

CCash items: Checks or other items payable on demand and collectible at par and accepted at the Reserve Bank

DNoncash items: Items that a Reserve Bank classifies as requiring special handling

Show Suggested Answer

Suggested Answer: B

by Twana at May 03, 2026, 10:37 PM

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Gary

2 hours ago

Checks and drafts are pretty standard, right?

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Isreal

5 days ago

I thought paychecks were cash items?

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Jutta

10 days ago

Noncash items definitely need special handling!

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Alonzo

16 days ago

I remember something about how noncash items need special handling, so that could be the right choice here.

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Selma

2 months ago

I’m not entirely sure, but I think paychecks are considered valid instruments, so that might not be the exception.

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Emerson

2 months ago

I feel like we had a practice question about checks and cash items, but I can't recall the specifics.

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Elvis

2 months ago

I think I remember that noncash items are usually those that don't have immediate liquidity, so maybe that's the answer?

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