AFP
CTP · Question #580
(Topic 6) A retail chain with 500 locations throughout the United States would use which of the following systems?
The correct answer is A. Over-the-counter collections in numerous locations; deposits to field banks. See the full explanation below for the reasoning.
Question
- (Topic 6)
A retail chain with 500 locations throughout the United States would use which of the following systems?
Options
- AOver-the-counter collections in numerous locations; deposits to field banks
- BA company processing center; deposits to nearby bank(s)
- CA wholesale lockbox with multiple deposit points
- DA retail lockbox with multiple deposit points
How the community answered
(46 responses)- A72% (33)
- B15% (7)
- C9% (4)
- D4% (2)
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