Which of the following is not a strategy to expedite the collection and check-clearing process? A)...
Which of the following is not a strategy to expedite the collection and check-clearing process?
A) Utilizing electronic payment between banks.
B) Mailing checks and waiting for the check to clear.
C) Utilizing a variety of collection centers throughout a marketing area.
D) Utilizing a lockbox system.
Homework Answers
The below is not a strategy to expedite the process
B) Mailing checks and waiting for the check to clear.
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Which of the following is not a strategy to expedite the
collection and check-clearing process?
A)...
Which of the following is a correct statement regarding the check collection process? O A. The...
Which of the following is a correct statement regarding the check collection process? O A. The depository bank must present a check to the payer bank for collection, OB. A bank cannot have more than one role during the check collection process O C. Depository banks are called intermediary banks. O D. Banks in the collection process that are not the depository or payer bank are called transitory banks. O E. The Federal Reserve System may not be used in...
Murkywater Company is considering a lockbox system. Its collection delay is currently 12 days. Reduction in...
Murkywater Company is considering a lockbox system. Its collection delay is currently 12 days. Reduction in mailing time = 1.5 day Reduction in clearing time = 1.5 day Reduction in firm processing time = 1.0 day Total = 4.0 days The following is also known: Daily interest on Treasury bills = 0.025% Average number of daily payments to lockboxes = 4,000 Average size of payment = $400 A local bank has agreed to operate this lockbox system for a fee...
This Question: 1 pt Which of the following is NOT a function of the Federal Reserve...
This Question: 1 pt Which of the following is NOT a function of the Federal Reserve System? ○ A. Providing for check collection and clearing O B. Supervising member banks O C. Holding deposits of member banks O D. Making loans to college students Click to select your answer
71. Which of the following is the basic economic policy function of the Federal Reserve Banks?...
71. Which of the following is the basic economic policy function of the Federal Reserve Banks? A. holding the deposits or reserves of commercial banks B. acting as fiscal agents for the Federal government C. controlling the supply of money D. the collection or clearing of checks among commercial banks
7. Money market securities have which of the following characteristics? I. long maturities II. low default risk III. high degree of liquidity IV. low rates of return a) I and III only b) II and I...
7. Money market securities have which of the following characteristics? I. long maturities II. low default risk III. high degree of liquidity IV. low rates of return a) I and III only b) II and IIl only c II, III, and IV only d) I, II, III, and IV 8. A lockbox system: a) entails the use of a bank which is centrally located to collect payments on a nationwide basis. b) is designed to deposit a customer's check into...
43.) a. Which of the following IS NOT a channel? Going online to shop Direct mail...
43.) a. Which of the following IS NOT a channel? Going online to shop Direct mail Placing an order by initiating a phone call Going to a brick-and-mortar store b. When customers initiate an online sale after reading a magazine article referencing a new shoe retailer this is called: A pull strategy A direct marketing push A push strategy Prospecting c. Which is the main purpose of self-service check-out within brick-and-mortar store? To reduce or eliminate waiting To reduce floor...
A lockbox arrangement is: Answers: A. a method for the safe-keeping of marketable securities. B. used...
A lockbox arrangement is: Answers: A. a method for the safe-keeping of marketable securities. B. used to identify inventory safety stocks. C. a system for slowing down cash disbursements. D. a system for speeding up a firm's collections of checks received. E. a system for speeding up a firm's disbursement of checks to the customers. Question 18 A change in the credit policy will be beneficial to a firm if it results in an increase in the: Selected Answer: C....
Cash flow does not rely on which of the following? A. the speed at which suppliers...
Cash flow does not rely on which of the following? A. the speed at which suppliers and creditors process checks B. the monetary policy of the Federal Reserve C. the efficiency of the banking system D. the payment patterns of customers
1. Which of the following statements is true of e-government? A) It addresses issues that are...
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Which of the following is a correct statement regarding the check collection process? O A. The depository bank must present a check to the payer bank for collection, OB. A bank cannot have more than one role during the check collection process O C. Depository banks are called intermediary banks. O D. Banks in the collection process that are not the depository or payer bank are called transitory banks. O E. The Federal Reserve System may not be used in...
This Question: 1 pt Which of the following is NOT a function of the Federal Reserve System? ○ A. Providing for check collection and clearing O B. Supervising member banks O C. Holding deposits of member banks O D. Making loans to college students Click to select your answer
71. Which of the following is the basic economic policy function of the Federal Reserve Banks? A. holding the deposits or reserves of commercial banks B. acting as fiscal agents for the Federal government C. controlling the supply of money D. the collection or clearing of checks among commercial banks
7. Money market securities have which of the following characteristics? I. long maturities II. low default risk III. high degree of liquidity IV. low rates of return a) I and III only b) II and IIl only c II, III, and IV only d) I, II, III, and IV 8. A lockbox system: a) entails the use of a bank which is centrally located to collect payments on a nationwide basis. b) is designed to deposit a customer's check into...
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