The main purpose of a cash concentration account is to:
A) decrease collection float.
B) decrease disbursement float.
C) consolidate funds.
D) replace a lockbox system.
E) cover compensating balance requirements.
Correct Answer:
Verified
Q17: A lockbox is a:
A)special safe used by
Q18: The Presque Isle Center has branch operations
Q19: Disbursements float:
A)occurs when a deposit is recorded
Q20: Why do firms need liquidity?
I.to meet compensating
Q21: Cash concentration accounts:
A)tend to increase the funds
Q23: A money market preferred stock:
A)has a floating
Q24: A repurchase agreement generally has a maximum
Q25: Which two of the following are the
Q26: Which one of the following statements is
Q27: Lockboxes:
A)should be geographically located close to a
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