A Zero Balance Account Is Used by Firms as an Effective

question 38

True/False

A zero balance account is used by firms as an effective tool of cash management to reduce the amount of idle cash a firm might otherwise keep.

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Definitions:

Legal Relationship

A connection between two or more entities recognized by law, subject to legal rights and duties.

Family Matters

Refers to legal issues and situations involving family relationships, such as divorce, child custody, and adoption.

Presumptions

Beliefs taken as true without requiring proof, often legally assumed facts until disproven.

Copyright

A type of intellectual property protection that grants the creator exclusive rights to use, reproduce, and distribute their original works.