The Fastest but Most Expensive Way for a Firm to Transfer

question 40

Multiple Choice

The fastest but most expensive way for a firm to transfer surplus funds from the local deposit bank to the concentration bank is:

• A)a depository transfer check.
• B)a cashier's check.
• C)a wire transfer.
• D)the firm's in-house transfer system.
• E)an automated clearinghouse transfer.

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Definitions:

Bidirection

Pertaining to or involving movement, influence, or action in two opposite directions.

Unidirectional

Describes a process or communication that moves in one direction only, from sender to receiver, without expecting an answer or feedback.

Hazing Incidents

Acts of initiating someone into a group by subjecting them to abusive, humiliating, or dangerous activities.

Team-Building

Activities and exercises designed to enhance social relations and define roles within teams, often involving collaborative tasks.