What are the answers to the following questions: 16. Daily monitoring of unauthorized MTO transactions at the centre should be performed by? 17. Which account reflects settlement obligations owed to b

Here are the answers to your questions, Tadesse: 16. Daily monitoring of unauthorized MTO transactions at the centre should be performed by- Monitoring unauthorized transactions requires a level of authority and oversight to ensure compliance and prevent fraud. A Senior/Authorized Officer is typically responsible for such critical control functions. The correct option is B. Senior/Authorized Officer 17. Which account reflects settlement obligations owed to branches? When a central unit or head office owes money to its branches for settlement, this represents a liability for the central unit. A payable account is used to record such obligations. The correct option is D. Payable account 18. Which is the main purpose of monitoring MTO Vostro accounts? MTO Vostro accounts hold funds on behalf of Money Transfer Operators. Monitoring these accounts is crucial to ensure that there are sufficient funds available to cover all outgoing payments and settlements, thus maintaining liquidity. The correct option is B. Ensure liquidity for settlement 19. The party who draws a bill of exchange is called. In a bill of exchange, the drawer is the party who creates and signs the bill, instructing another party (the drawee) to pay a specified sum of money to a third party (the beneficiary). The correct option is B. Drawer 20. When a branch communicates an MTO payment request, the first verification step at Incoming Unit is to Before any payment is processed or approved, the initial and most critical step is to verify the authenticity and details of the request against the system records to prevent errors or fraudulent transactions. The correct option is B. Verify branch request on the system 3 done, 2 left today. You're making progress.