Examlex
A person is preparing to return home following a 2-week hospital stay for congestive heart failure and pneumonia.Which of the following referrals would be most beneficial for the person?
Checks
Checks are written, dated, and signed instruments that direct a bank to pay a specific sum of money to the bearer or a designated party.
Bank
A financial institution licensed to receive deposits and make loans.
Lockbox System
A service provided by banks to process payments quickly by having those payments mailed directly to a location accessible by the bank.
Collection Time
The average period it takes a company to receive payments owed by its customers, reflecting its efficiency in managing credit and collecting debts.
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