Zero Balance Accounts Are Commonly Used

question 208

Multiple Choice

Zero balance accounts are commonly used:

• A) As the primary chequing account from which investments are made.
• B) As the master account for a firm.
• C) As a payroll account.
• D) To hold the safety stock for all of a firm's banking accounts.
• E) In place of lockboxes.

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Definitions:

Vertical Axis

In a graph or chart, the y-axis that typically represents the dependent variable or the value being measured.

Entire Budget

The total amount of financial resources available or allocated for a specific purpose, project, or period.

Price Of Peaches

The amount of money required to purchase a specific quantity of peaches in the market.

Price Of Pineapples

The amount of money required to purchase a single unit or specified amount of pineapples.