When several independent banks operate under a contractual agreement to provide

Question

When several independent banks operate under a contractual agreement to provide lockbox services for each other's costumers, this arrangement is know as a : The measurement that incorporates both the time lag and the dollar amount of remittances is known as a: When several independent banks operate under a contractual agreement to provide lockbox services for each other's costumers, this arrangement is know as a : The measurement that incorporates both the time lag and the dollar amount of remittances is known as a:

Explanation / Answer

1)Remittances services

Services provided by banks to companies for the receipt of payment from customers.

2)Dollar day float

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