Question 1
Which ACH participant initiates the transaction by submitting a payment instruction to its financial institution?
Correct Answer:
Originator
Question 2
Which two entities serve as the only ACH Operators in the United States?
Correct Answer:
FedACH and The Clearing House EPN
Question 3
A Third-Party Sender differs from a Third-Party Service Provider primarily because the Third-Party Sender:
Correct Answer:
Has the agreement with the ODFI on behalf of the Originator
Question 4
In ACH terminology, the RDFI is the financial institution that:
Correct Answer:
Receives the entry and posts it to the Receiver's account
Question 5
Which statement most accurately describes the relationship between a Receiver and an Originator?
Correct Answer:
The Receiver authorizes the Originator to debit or credit its account
Question 1
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About this Exam

Prepare with the AAP Practice Questions - Nacha Accredited ACH Professional Exam practice quiz. This question bank includes 100 questions covering code, consumer, debit, rules, and entry. Use it to review important concepts, identify knowledge gaps, and build confidence for the related exam, course, or assessment.

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AAP Practice Questions - Nacha Accredited ACH Professional Exam

This practice set contains 100 questions from the matching question bank and focuses on code, consumer, debit, rules, and entry. Work through each question carefully, review the provided solutions, and revisit topics that need more study before your next attempt.

This is an independent study resource intended for practice and review; it is not an official examination or an endorsement by any organization named in the title.

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