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What law (and how) governs customer bank relationship in your country and how does it regulate bank accounts? Name all laws/regulations that govern the use
- What law (and how) governs customer bank relationship in your country and how does it regulate bank accounts?
- Name all laws/regulations that govern the use of these four types of payment devices in your country:
- Negotiable instruments
- Checks
- Wire transfer
- Letters of credit
3. Check the website of the central bank of your country and answer the following questions:
- How many transactions do they process daily?
- What is the volume of funds transferred amongst its participants daily?
4. Identify the parties in Delbrueck's case and give them labels (e.g. originator, originator's bank, beneficiary, beneficiary's bank).
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