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    Principles of Corporate Finance Study Set 4
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    Exam 14: Working Capital and Management of Current Assets
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    A Zero-Balance Account Is a Checking Account in Which a Zero
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A Zero-Balance Account Is a Checking Account in Which a Zero

Question 120

Question 120

True/False

A zero-balance account is a checking account in which a zero balance is maintained and the bank automatically covers all checks presented against the firm's account.

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