Which of the Following Is the Technique for Reducing Collection

question 12

Multiple Choice

Which of the following is the technique for reducing collection float by having funds sent to several geographically situated regional banks and then transferring to a main concentration account in another bank?

• A) lockbox system
• B) concentration banking
• C) wire transfers
• D) collection float

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Definitions:

Cycloheptatriene

A cyclic hydrocarbon with seven carbon atoms and three double bonds, known for its interesting reactivity due to aromatic destabilization.

Deprotonated

Refers to a molecule or ion that has lost a hydrogen ion (H+), resulting in a base form.

Resonance Forms

Different structures of a molecule that depict the delocalization of electrons within the molecule, explaining its stability.

Cycloheptatrienyl Cation

A positively charged aromatic species, also known as the tropylium ion, with a seven-carbon ring structure and three double bonds providing aromatic stability.