AFP
CTP · Question #378
(Topic 4) Company GRA has retail locations in remote areas of Montana. All banking options within the area, deemed a safe distance for making cash deposits, fail the counterparty risk assessment. Depo
The correct answer is A. Virtual vault services. See the full explanation below for the reasoning.
Question
- (Topic 4)
Company GRA has retail locations in remote areas of Montana. All banking options within the area, deemed a safe distance for making cash deposits, fail the counterparty risk assessment. Deposits would include both cash and checks. In order to achieve immediate availability of funds, what deposit method should be utilized?
Options
- AVirtual vault services
- BField deposit systems
- CRemote deposit capture
- DDeposit concentration services
How the community answered
(21 responses)- A76% (16)
- B14% (3)
- C5% (1)
- D5% (1)
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