Efficient Funds Management Attempts to Reduce Mailing and Clearing Time

question 15

Multiple Choice

Efficient funds management attempts to reduce mailing and clearing time. Two methods do this by:

• A) moving collections and deposits closer together in concentration banks; and moving surplus funds quickly by wire transfers.
• B) moving mailing points to cross country locations and using depository drafts to transfer funds.
• C) drawing checks against zero balance accounts and using cross country mailing.
• D) wiring funds to zero balance accounts and using lockboxes in many cities.

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Definitions:

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A legal principle that keeps communications between an attorney and their client confidential, fostering open and honest discussions necessary for adequate legal representation.

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Spousal Abuse

Any form of maltreatment by one partner against the other in an intimate relationship, can be physical, emotional, or sexual.

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Regulation or policy designed to minimize bias by preventing individuals from participating in decisions where they have personal interest.