Which one of the following statements is correct?
A) Funds received via automated clearing house transfers are available that day.
B) A depository transfer check is the most costly means of transferring funds into a cash concentration account.
C) The means selected to transfer funds into a concentration account depend upon the bank used for the concentration account.
D) Concentration accounts are used to transfer funds to lockbox locations as needed.
E) The fastest means of transferring funds into a concentration account is a wire transfer.
Correct Answer:
Verified
Q21: An account into which a company transfers
Q22: Which one of the following statements is
Q23: A repurchase agreement generally has a maximum
Q24: Which one of these is a characteristic
Q25: An account into which funds are deposited
Q27: Which two of the following are key
Q28: Money market securities generally have which of
Q29: The BAT model:
A) computes the fixed costs
Q30: Which one of the following statements is
Q31: A zero-balance account:
A) is used to cover
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