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