What Is the Difference Between a Lockbox System and Concentration

question 33

Multiple Choice

What is the difference between a lockbox system and concentration banking?

• A)In concentration banking, both physical collection and processing take place close to the customer but in a lockbox system, neither the collections nor processing take place close to the customer.
• B)In a lockbox system, customers' payments are physically collected close to them and much of the processing takes place close to the bank, but in concentration banking both physical collection and processing take place close to the bank.
• C)Concentration banking involves using several banks to fund a large loan and lockbox systems deal with the ability to speed up collections.
• D)None of these.

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Definitions:

Age of Onset

The age at which symptoms of a disease or condition first appear.

Conduct Disorder

A behavioral and emotional disorder in children and adolescents characterized by repetitive and persistent patterns of rule-breaking or violating the basic rights of others.

Diagnosis Prevalence

The proportion of individuals in a population who have been diagnosed with a specific disease at a given time.

Childhood-onset Conduct Disorder

A psychiatric disorder diagnosed in childhood, characterized by repetitive and persistent patterns of behavior that violate societal norms or the basic rights of others.