Discuss American Bankers Association CRCM Exam Topic 5 Question 125

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

Suggested Answer: B

Get Premium CRCM Questions as Interactive Web-Based Practice Test or PDF Real Exam Format Detailed Explanations Instant Access Get Your Practice Test

24 comments · newest first

Gary 2 days ago

I agree, D doesn't fit.

Alona 7 days ago

Noncash items need special handling.

Julene 12 days ago

Why D?

Alona 18 days ago

I think D is the answer.

Rosendo 23 days ago

This question is tricky.

Geoffrey 28 days ago

Same here, it’s confusing.

Lawrence 1 month ago

I hope I get this right!

Jolanda 1 month ago

D stands out as the odd one.

Martina 1 month ago

Right, they are all payable on demand.

Brittni 2 months ago

A, B, and C are all cash items.

Graciela 2 months ago

I feel unsure about this one.

Daren 2 months ago

Agreed, they don't fit the valid instrument definition.

Jeanice 2 months ago

Noncash items need special handling.

Francis 2 months ago

I think D is the answer.

Jani 2 months ago

This question is tricky.

Marcos 3 months ago

Totally agree, noncash items are the odd ones out here!

Wynell 3 months ago

Wait, are noncash items really not considered valid instruments?

Gary 3 months ago

Checks and drafts are pretty standard, right?

Isreal 3 months ago

I thought paychecks were cash items?

Jutta 3 months ago

Noncash items definitely need special handling!

Alonzo 4 months ago

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

Selma 5 months ago

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

Emerson 5 months ago

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

Elvis 5 months ago

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

American Bankers Association CRCM Exam - Topic 5 Question 125 Discussion