Efficient Funds Management Attempts to Reduce Mailing and Clearing Time

question 34

Multiple Choice

Efficient funds management attempts to reduce mailing and clearing time. Two methods do this by:

• A) moving collections and deposits closer together in concentration banks; and moving surplus funds quickly by wire transfers.
• B) moving mailing points to cross country locations and using depository drafts to transfer funds.
• C) drawing checks against zero balance accounts and using cross country mailing.
• D) wiring funds to zero balance accounts and using lockboxes in many cities.
• E) None of these.

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Definitions:

Rituals

are a series of actions performed according to a prescribed order, often with symbolic meaning, utilized in various social, religious, and professional contexts.

Culture

represents the shared values, beliefs, norms, and practices that characterizes an organization or society.

Organizations

Entities comprised of multiple people working together towards common goals or objectives, often structured to enhance efficiency and effectiveness.

B Lymphocytes

A type of white blood cell of the lymphocyte subtype that plays a significant role in the body's immune response by producing antibodies.