All except which of the following are methods used in expediting the collection of cash?

Question

Quizplus · Accepted Answer

Drafts are not primarily a method used to expedite the collection of cash; they are instruments used in trade finance and payment terms but do not inherently speed up cash collection like the other options do. Wire transfers, lockboxes, and decentralized collection centers/concentration banks are all methods specifically designed to reduce the time it takes for a company to receive and process payments.

All Except Which of the Following Are Methods Used in Expediting