The Main Purpose of a Cash Concentration Account Is To

question 79

Multiple Choice

The main purpose of a cash concentration account is to:

• A)decrease collection float.
• B)decrease disbursement float.
• C)consolidate funds.
• D)replace a lockbox system.
• E)cover compensating balance requirements.

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British Columbia

A province in western Canada, known for its natural beauty, including mountains, forests, and the Pacific coastline.

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A province in Canada known for its French heritage, distinct culture, and unique legal and social systems within the Canadian federation.

Extended Family

A family group that extends beyond the nuclear family, including relatives such as grandparents, aunts, uncles, and cousins.

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