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CTP · Question #377

(Topic 4) An analyst at XYZ United is in charge of setting up the bank accounts. Fraud is a major concern due to the analyst's past experience with previous employers. The analyst has in short-term in

The correct answer is D. Controlled Disbursement. See the full explanation below for the reasoning.

Question

  • (Topic 4)

An analyst at XYZ United is in charge of setting up the bank accounts. Fraud is a major concern due to the analyst’s past experience with previous employers. The analyst has in short-term investment grade investments. The company’s closest competitor earned 4.1% for its surpluscash in its latest fiscal year. What bank service should the analyst use to maximize the company's surplus cash?

Options

  • APayable Through Draft
  • BReverse Positive Pay
  • CZero Balance Account
  • DControlled Disbursement

How the community answered

(30 responses)
  • A
    7% (2)
  • B
    3% (1)
  • C
    13% (4)
  • D
    77% (23)

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