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Which of the following statements is false?
Zero Balance Accounts
Bank accounts that are maintained at a zero balance by automatically transferring funds from a master account in an exact amount only when checks are presented.
Payroll Account
A bank account specifically used by businesses to process salary payments to their employees.
Safety Stock
Additional inventory kept to prevent stockouts due to variability in demand or supply lead time.
Banking Relationship
Refers to the business interactions and communications between a bank and its customers, including the services and products offered.
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