Computerized cash management and electronic funds transfer allow firms to carry smaller cash balances.

Question

Quizplus · Accepted Answer

Computerized cash management and electronic funds transfer help firms to manage their cash more efficiently, allowing them to have smaller cash balances on hand. This is because they can track cash inflows and outflows more easily, and can make payments and receive funds electronically, reducing the need for physical cash.

Computerized Cash Management and Electronic Funds Transfer Allow Firms to Carry