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At the End of Each Business Day, Safe Company Sends

Question 7

Multiple Choice

At the end of each business day, Safe Company sends its bank a listing of all checks written during the day including the check number, payee, and amount. When a check is sent to the bank for payment the bank compares the payee and the amount with the listing provided by Safe Company. This system is called:


A) PayChex.
B) Pay-As-You-Go.
C) Positive Pay.
D) Pay Master.

Correct Answer:

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