Is city bank a depositary bank or a collecting bank

Assignment Help Management Theories
Reference no: EM131387011

Jones, a food wholesaler whose company has an account with City Bank in New York City, is traveling in California on business. He finds a particularly attractive offer and decides to buy a carload of oranges for delivery in New York. He gives Saltin, the seller, his company's check for $25,000 to pay for the purchase. Saltin deposits the check, with others he received that day, with his bank, the Carrboro Bank. Carrboro Bank sends the check to Downs Bank in Los Angeles, which in turn deposits it with the Los Angeles Federal Reserve Bank (L.A. Fed). +The L.A. Fed sends the check, with others, to the New York Federal Reserve Bank (N.Y. Fed), which forwards the check to City Bank, Jones's bank, for collection.

a. Is City Bank a depositary bank? A collecting bank? A payor bank?

b. Is Carrboro a depositary bank? A collecting bank?

c. Is the N.Y. Fed an intermediary bank?

d. Is Downs Bank a collecting bank?

Reference no: EM131387011

Over advertising might create a negative reaction

Is advertising always helpful? Are there cases when "over advertising" might create a negative reaction? How would you discover and measure the impact of such cases? How would

Two or three employee-management issues

Compile a list of two or three employee-management issues not covered in the chapter. Compare your list with those of several classmates and see which issues you selected in

Is there information available on the internet

What sources of outside professional assistance would you consider using to help with marketing research?- Is there information available on the Internet that might be helpful

Should she prevail on her claim explain

In fact, she had no dancing ability or aptitude and had trouble ‘‘hearing the musical beat.'' Mrs. Vokes brought action to have the contracts set aside. Should she prevail o

Under a firm commitment agreement

The Green Hills Co. has just gone public. Under a firm commitment agreement, Green Hills received $26.04 for each of the 7 million shares sold. The initial offering price wa

Find out the average bonus paid per employee

The firm gave bonus of Rs 10, 15, 20, 25, 30 and 35 for individuals in the respective salary group; exceeding Rs 60 but not exceeding Rs 75, exceeding Rs 75 but not exceedin

The mass of the model compare with the mass of the original

A statue is to be 'scaled down.' It will have its size changed without changing its shape. It starts with an initial volume of 3.00m3 and ends up with a final volume of 0

Ethical leadership

Assignment is a 5-7 page research paper (APA format) on Ethical Leadership, include a reference page of 5-7 scholarly, peer-reviewed journal articles. Assignment is below:


Write a Review

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd