The fastest but most expensive way to transfer surplus funds from the local deposit bank to the concentration bank is:
A) a lockbox system.
B) a mail float system.
C) a wire transfer.
D) an in-house processing float system.
E) an availability float system.
Correct Answer:
Verified
Q21: The most common cash management technique used
Q30: A firm with low cash balances will
Q31: Collection float increases:
A)disbursement float.
B)bank cash.
C)book cash.
D)net float.
E)None
Q32: A financial manager should be concerned about
Q33: By getting closer to the source of
Q35: Cheques written by the firm are said
Q36: Adjustable rate preferred stock (ARPS) offer competitive
Q38: Auction-Rate Preferred Stock has less risk factors
Q38: To be able to use the Miller-Orr
Q39: Auction-Rate Preferred Stock is similar to Adjustable-Rate
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents