Multiple choice general knowledge

How a term account transaction is identified in Kern?

  1. Channel Code NT

  2. Channel Code TARGET

  3. Channel Code TERM

  4. There is no link between NT and Kern

  5. None of the above
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Term account transactions are identified in the Kern system by Channel Code 'NT'. This is the specific channel identifier that links NT (Term account) transactions to the Kern banking system. The other codes (TARGET, TERM) are not the correct identifiers, and there is indeed a link between NT and Kern.

Keep practicing — related questions