A Zero-Balance Account Is Designed To

question 85

Multiple Choice

A zero-balance account is designed to:

• A) provide early notification of checks that will be presented against a company's account on a given day.
• B) help combat a common type of check fraud.
• C) provide a company with outsourcing of its accounts payable or disbursement operations.
• D) eliminate nonearning cash balances in corporate checking accounts.

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Definitions:

ICD-9-PCS

International Classification of Diseases, Ninth Revision, Procedure Coding System; a system used in the United States to classify and code hospital procedures.

ICD-9-CM

The International Classification of Diseases, Ninth Revision, Clinical Modification; a predecessor to ICD-10-CM used for coding and classifying morbidity data from inpatient and outpatient records, primary replaced by ICD-10-CM.

Medicine

The science and practice of the diagnosis, treatment, and prevention of disease, as well as the maintenance of health.

ICD-9-PCS

an abbreviation for the International Classification of Diseases, Ninth Revision, Procedure Coding System; a system used in healthcare to classify procedures and interventions.