American_Bankers_Association
CTFA · Question #397
Which of the following is not a standard method of transferring funds when using concentration banking?
The correct answer is D. Payable through draft (PTD). See the full explanation below for the reasoning.
Investment Management
Question
Which of the following is not a standard method of transferring funds when using concentration banking?
Options
- ADepository transfer check
- BAutomated clearinghouse electronic transfer
- CWire transfer
- DPayable through draft (PTD)
How the community answered
(65 responses)- A5% (3)
- B14% (9)
- C6% (4)
- D75% (49)
Topics
#concentration banking#fund transfer methods#payable through draft#cash collection
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