40. Collection float includes the following: Dollar-day Check processing float A

Question

40. Collection float includes the following:
Dollar-day
Check processing float
Availability float
‘b’ and ‘c’
all of the above (i.e. ‘a’ ‘b’ and ‘c’)


41. The main benefits associated with a well-designed concentration system include:
greater control over balances
economies of scale
the absence of dual balances
‘a’ and ‘b’
‘b’ and ‘c’


42. A centralized disbursement system results in:
Efficiency
Control
cost savings
all of the above
none of the above


43. An insurance company wishing to maintain control over field disbursements would be a prime candidate for the use of
checks
vouchers
ACH debits
drafts


44. Which of the following payment methods is usually more appropriate for non-recurring payments to individuals?
draft
check
‘a’ and ‘b’ are equally appropriate
electronic funds transfer


45. Who originates an ACH debit? An ACH credit?
the payor, the payee
the payor, the payor
the payee, the payor
the payee, the payee
none of the above are correct

Explanation / Answer

40 ‘a’ and ‘b’ 41 ‘b’ and ‘c’ 42 all of the above 43 ACH debits 44 ‘a’ and ‘b’ are equally appropriate 45 none of the above are correct

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