Which one of these is not a characteristic of a concentration system of collections?
A) All surplus funds are electronically transferred to a centralized account.
B) Check clearing times are increased.
C) Customer payments are directed to a local collection center.
D) Collection time is reduced.

Question

Quizplus · Accepted Answer

Check clearing times being increased is not a characteristic of a concentration system of collections. The other options - electronically transferring surplus funds to a centralized account, directing customer payments to a local collection center, and reducing collection time - are all characteristic of a concentration system of collections.

Which One of These Is Not a Characteristic of a Concentration