The Immediate Use, or Same Day Value, of Collections by Larger

question 283

Multiple Choice

The immediate use, or same day value, of collections by larger Canadian firms is facilitated by:

• A) Setting up a concentrator account with a chartered bank.
• B) Setting up a lockbox agreement.
• C) Using debit cards rather than credit cards.
• D) Mailing the collection cheques immediately to the firms' headquarters.
• E) Setting up a trustee account with an investment bank.

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Definitions:

University Health Clinics

Medical clinics located within universities that provide health services to students, staff, and sometimes to the public.

Treatment

The management and care of a patient or the combating of disease or disorder.

Risk-benefit Decision

A process of evaluating the potential risks and benefits associated with a decision or action to determine the best course of action.

Surgery

A branch of medicine that involves operations or procedures to repair or remove damaged or diseased tissues.