A Banking Sub-Account That Is Used for a Particular Disbursement

question 336

Multiple Choice

A banking sub-account that is used for a particular disbursement purpose and into which funds are deposited only as needed to cover cheques presented for payment is called a ______ account.

• A) Zero-balance.
• B) Lockbox.
• C) Controlled collection.
• D) Disbursement float.
• E) Cash concentration.

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Definitions:

Hypothalamus

A region of the brain responsible for the regulation of certain metabolic processes and other activities of the autonomic nervous system, including temperature control, hunger, and thirst.

Pima Indians

A group of Native American people living in Arizona and Sonora, Mexico, known for their unique genetic composition and high prevalence of diabetes in medical studies.

Diet

The usual food and drink consumed by an individual or group, often considered in terms of its quality, composition, and its effect on health.

Stress Levels

The intensity of stress reactions within an individual, which can impact mental and physical health.