AFP
CTP · Question #465
(Topic 5) Which of the following would MOST LIKELY cause a decrease in a company's deposited checks availability?
The correct answer is A. The depository bank institutes an earlier deposit deadline. See the full explanation below for the reasoning.
Question
- (Topic 5)
Which of the following would MOST LIKELY cause a decrease in a company's deposited checks availability?
Options
- AThe depository bank institutes an earlier deposit deadline.
- BThe Federal Reserve implements same-day presentment.
- CThe company's lockbox bank implements weekend processing.
- DThe company encodes its own checks prior to deposit.
How the community answered
(25 responses)- A76% (19)
- B4% (1)
- C4% (1)
- D16% (4)
Community Discussion
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