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CTP · Question #207
(Topic 3) A company is looking to improve its collection rate of returned checks. If the company implements re-presented check entry (RCK) with its bank, it might see a reduction in what type of…
The correct answer is A. Consumer payments less than $2,500. See the full explanation below for the reasoning.
Question
- (Topic 3)
A company is looking to improve its collection rate of returned checks. If the company implements re-presented check entry (RCK) with its bank, it might see a reduction in what type of returned items?
Options
- AConsumer payments less than $2,500
- BCorporate payments less than $2,500
- CConsumer payments more than $2,500
- DCorporate payments more than $2,500
How the community answered
(25 responses)- A84% (21)
- B8% (2)
- C4% (1)
- D4% (1)
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