Which of the following methods is (are) used to transfer surplus funds from local (collection) bank accounts to concentration (disbursement) bank accounts?

Question

Quizplus · Accepted Answer

All of these methods (wire transfers, electronic depository transfer checks, and mail depository transfer checks) are used to transfer surplus funds from local bank accounts to concentration bank accounts, facilitating efficient cash management for businesses.

Which of the Following Methods Is (Are) Used to Transfer