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Lockboxes

Question 337

Multiple Choice

Lockboxes:


A) Should be geographically located close to a firm's primary customers.
B) Should be located in remote locations to increase the net disbursement float.
C) That are electronic are less efficient than traditional lockboxes.
D) Tend to be negative net present value projects for firms with a large number of sizeable transactions.
E) Tend to also be used as concentration accounts.

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