The Fastest but Most Expensive Way to Transfer Surplus Funds

question 52

Multiple Choice

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

• A) a lockbox system.
• B) a mail float system.
• C) a wire transfer.
• D) an in-house processing float system.
• E) an availability float system.

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Definitions:

Trading Down

A consumer behavior pattern where buyers opt for cheaper or lower-quality products usually due to economic constraints or changes in priorities.

Product Simplification

The strategy of reducing a product's complexity to lower production costs, improve usability, or meet consumer demands for simplicity.

Trade Name

A brand name under which a product or service is marketed and distinguished from other products.

Trademark

A recognizable sign, design, or expression that identifies products or services of a particular source from those of others.