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A Zero-Balance Account Is Designed To

Question 95

Multiple Choice

A zero-balance account is designed to:


A) provide early notification of checks that will be presented against a company's account on a given day.
B) help combat a common type of check fraud.
C) provide a company with outsourcing of its accounts payable or disbursement operations.
D) eliminate nonearning cash balances in corporate checking accounts.

Correct Answer:

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