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A Customer Sends Payment to a Post Office Box Which

question 115

Multiple Choice

A customer sends payment to a post office box which is emptied by a firm's bank daily. The bank then processes the payments and notifies the firm of the day's collections. This collection technique is known as ________.


Definitions:

Edward Kennedy Serve America Act

A 2009 U.S. law aimed at expanding national service programs to address critical societal issues through volunteerism and service.

Evolution

The gradual development or change of something over a period.

Free Trade

The absence of tariffs, quotas, and other restrictive regulations between countries to encourage unrestricted exchange of goods and services.

Remittances

Money sent by individuals working abroad to family members or others in their home country.

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