Disbursements float:
A) occurs when a deposit is recorded but the funds are unavailable.
B) causes the book balance to exceed the bank balance.
C) has tended to increase since the enactment of the Check Clearing Act for the 21st Century.
D) is a recommended source of funds for short-term investments.
E) is eliminated when payments are made electronically.
Correct Answer:
Verified
Q14: Check kiting is:
A)used by most firms as
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Q16: Which of the following will reduce collection
Q17: A lockbox is a:
A)special safe used by
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Q20: Why do firms need liquidity?
I.to meet compensating
Q21: Cash concentration accounts:
A)tend to increase the funds
Q22: The main purpose of a cash concentration
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A)has a floating
Q24: A repurchase agreement generally has a maximum
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