1|Page
APRP-EXAM 2025| BRAND NEW ACTUAL EXAM
WITH 100% VERIFIED QUESTIONS AND CORRECT
SOLUTIONS| GUARANTEED VALUE PACK| ACE YOUR
GRADES.
A check is not considered a negotiable instrument under Reg CC if:
A. Does not have a date
B. Is future dated
C. Does not have a named payee
D. Is not printed and MICR ink - (answer)D
Fed wire funds are final and irrevocable upon completion of processing by the
A. Beneficiaries depository institution
B. Originators depository institution
C. Originator
D. Federal Reserve Banks - (answer)D
A security procedure is not considered commercially reasonable for a wire
transfer if
A. The security procedure complies with regulation J
B. The security procedure utilized as a micro payment to validate the account
C. The security procedure is only compared to a signature
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D. The security procedure utilizes a pre-note to validate the account - (answer)C
Which regulation requires that a paying bank must return a check such that it is
received by the bank of first deposit (BOFD) by 2 PM local time on the second
business day following the date of resentment
A. UCC Midnight deadline
B. Reg CC Expeditious return
C. Reg E Expedited re-credit
D. OCC 231 - (answer)B
According to the FFIEC, an institution's first step in the business continuity process
is the development of a
A. Risk assessment
B. Risk management program
C. Business impact analysis
D. Risk monitoring and testing program - (answer)C
Internally developed technology ____________establish measurable controls and
requirements to achieve policy objectives
A. Procedures
APRP-EXAM 2025| BRAND NEW ACTUAL EXAM
WITH 100% VERIFIED QUESTIONS AND CORRECT
SOLUTIONS| GUARANTEED VALUE PACK| ACE YOUR
GRADES.
A check is not considered a negotiable instrument under Reg CC if:
A. Does not have a date
B. Is future dated
C. Does not have a named payee
D. Is not printed and MICR ink - (answer)D
Fed wire funds are final and irrevocable upon completion of processing by the
A. Beneficiaries depository institution
B. Originators depository institution
C. Originator
D. Federal Reserve Banks - (answer)D
A security procedure is not considered commercially reasonable for a wire
transfer if
A. The security procedure complies with regulation J
B. The security procedure utilized as a micro payment to validate the account
C. The security procedure is only compared to a signature
, 2|Page
D. The security procedure utilizes a pre-note to validate the account - (answer)C
Which regulation requires that a paying bank must return a check such that it is
received by the bank of first deposit (BOFD) by 2 PM local time on the second
business day following the date of resentment
A. UCC Midnight deadline
B. Reg CC Expeditious return
C. Reg E Expedited re-credit
D. OCC 231 - (answer)B
According to the FFIEC, an institution's first step in the business continuity process
is the development of a
A. Risk assessment
B. Risk management program
C. Business impact analysis
D. Risk monitoring and testing program - (answer)C
Internally developed technology ____________establish measurable controls and
requirements to achieve policy objectives
A. Procedures
