The Immediate Use, or Same Day Value, of Collections by Larger

Multiple Choice

The immediate use, or same day value, of collections by larger Canadian firms is facilitated by:

A) Setting up a concentrator account with a chartered bank.
B) Setting up a lockbox agreement.
C) Using debit cards rather than credit cards.
D) Mailing the collection cheques immediately to the firms' headquarters.
E) Setting up a trustee account with an investment bank.