Multiple Choice
The system whereby funds are moved between computer terminals without use of checks is
A) electronic funds transfer.
B) float.
C) a lock-box system.
D) magnetic character recognition.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q11: A lock-box is used to safeguard the
Q12: Which of the following is not a
Q13: If a company would like to reduce
Q14: Computerized cash management and electronic funds transfer
Q15: The problem in stretching out the maturity
Q17: If a company can implement cash management
Q18: The corporate sweep account is an account<br>A)
Q19: In general, cash management at the international
Q20: Checks can be cleared only through the
Q21: Lower ordering costs would tend to increase