Which of the Following Is a Checking Account That the Firm

question 38

Multiple Choice

Which of the following is a checking account that the firm sets up so that the bank agrees to automatically transfer funds from an interest-bearing account to pay off any checks presented?

• A) lockbox system
• B) concentration banking
• C) wire transfers
• D) zero-balance account

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Definitions:

Kind

Characterized by a caring, generous, and considerate nature towards others.

Socially Skilled

The ability to interact effectively and harmoniously with other people in various social contexts.

Higher

A term indicating a comparative level of elevation, degree, or importance over another reference point.

Attractive People

Individuals who are generally considered pleasing or appealing in physical appearance by others.