Which of the Following Is the Best Definition of Same

question 174

Multiple Choice

Which of the following is the best definition of same day value?

• A) The need to hold cash to take advantage of additional investment opportunities, such as bargain purchases.
• B) Much like an automated teller machine card; one use is within corporations to control access to information by employees
• C) Bank makes proceeds of cheques deposited available the same day before cheques clear.
• D) The need to hold cash as a safety margin to act as a financial reserve.
• E) Special post office boxes set up to intercept and speed up accounts receivable payments.

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Definitions:

Lubricity

The property of a substance that reduces friction between surfaces in motion.

Boil Temperatures

The temperatures at which liquids change to gases, varying with the atmospheric pressure and the chemical composition of the liquid.

Ring Gear Tooth

A tooth on the outer edge of a ring gear, engaged by the pinion gear to transmit torque in a differential.

Top Land

The uppermost portion of a piston in an internal combustion engine, situated above the top piston ring and playing a key role in sealing combustion gases.