Certified Regulatory Compliance Manager (CRCM) — Question 171
Which of the following is/are included in the persons covered under Fedwire transfer coverage?
Answer options
- A. Reserve Banks sending or receiving payment orders
- B. Senders of payments to a Reserve Bank
- C. Banks receiving payments from a Reserve Bank
- D. None of these
Correct answer: A, B, C
Explanation
The correct answer includes A, B, and C because all these entities are directly involved in the Fedwire transfer process. Option D is incorrect as it suggests that none of the mentioned parties are covered, which is not true since Reserve Banks and the senders and receivers of payments are indeed included.