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CTP · Question #103
(Topic 2) A company invests all of its short-term excess cash in T-bills on a daily basis. To prevent delays in processing its outgoing wire transfers, the company may ask its cash management bank…
The correct answer is A. daylight overdraft line. See the full explanation below for the reasoning.
Question
- (Topic 2)
A company invests all of its short-term excess cash in T-bills on a daily basis. To prevent delays in processing its outgoing wire transfers, the company may ask its cash management bank to establish a:
Options
- Adaylight overdraft line.
- Bletter of credit.
- Crevolving line of credit.
- Dnet debit cap.
How the community answered
(64 responses)- A77% (49)
- B14% (9)
- C3% (2)
- D6% (4)
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