A ____ is an unsigned, nonnegotiable check drawn on the local collection bank and payable to the concentration bank.
A) pre-authorized check
B) banker's acceptance check
C) special remittance
D) mail depository transfer check
Correct Answer:
Verified
Q21: The primary reason(s) that firms do not
Q22: The "shortage" costs associated with inadequate liquid
Q23: In addition to providing their commercial customers
Q24: All except which of the following would
Q25: The objective of cash collection and disbursement
Q27: The first step in efficient cash management
Q28: The Essex Company found that an average
Q29: To minimize the cost associated with misdirected
Q30: A _ is a security issued by
Q31: The primary components or sources of float
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