AFP
CTP · Question #540
(Topic 6) Which of the following cash concentration transfers is MOST LIKELY to result in a bank ledger overdraft?
The correct answer is C. An ACH transfer of anticipated deposits. See the full explanation below for the reasoning.
Question
- (Topic 6)
Which of the following cash concentration transfers is MOST LIKELY to result in a bank ledger overdraft?
Options
- AA wire transfer of prior day's balances
- BA DTC of current day's lockbox deposits
- CAn ACH transfer of anticipated deposits
- DAn ACH transfer of one-day available funds
How the community answered
(40 responses)- A13% (5)
- B3% (1)
- C78% (31)
- D8% (3)
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