All of the Following Are Different Techniques That Can Be

question 117

Multiple Choice

All of the following are different techniques that can be used to help firms reduce collection float EXCEPT

• A) using drafts.
• B) using wire transfers.
• C) using concentration banking.
• D) using a lockbox system.

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Definitions:

Economic Security

Having a steady flow of income or assets that ensures one's lifestyle can be sustained at present and in the near future.

Smith Act

is a U.S. federal law enacted in 1940 that set criminal penalties for advocating the overthrow of the U.S. government.

Federal Crime

Crimes that violate the laws of the Federal Government of a country and are prosecuted under federal law as opposed to state law.

Overthrow of the Government

The act of removing a government from power, typically through undemocratic means such as a coup or revolution.