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The Information That You Are Currently Thinking About, Perceiving, or Using

question 65

Multiple Choice

The information that you are currently thinking about, perceiving, or using to guide responding is held in this type of memory store.


Definitions:

Zero Balance Accounts

Bank accounts that maintain a balance of zero by automatically transferring funds to cover charges or replenishing from another account.

Concentration Banking

Employing one bank to manage the balances in remote accounts. Balances are generally swept into the concentration bank daily.

Wire Transfers

Electronic transfers of funds across a network administered by banks or transfer service agencies globally.

Average Collection Period

The average number of days it takes a company to collect payments from its credit sales.

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