The practice of and procedures for moving cash from multiple banks into a ﬁrm's centralized bank account(s) is known as _____________.

Question

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The practice described in the question, moving cash from multiple banks into a firm's centralized bank account(s), is known as cash concentration. Strategic cash disbursement refers to the management of outgoing cash flows, transfer flotation is a strategy for dealing with differences in currency values between countries, payables management refers to the management of a firm's outstanding payables, and float management refers to the management of the time between the initiation of a payment and the time that payment is debited from the payer's account.

The Practice of and Procedures for Moving Cash from Multiple