AFP
CTP · Question #620
(Topic 7) Advantages of writing checks locally on a centralized disbursing bank include all of the following EXCEPT which statement?
The correct answer is D. It decreases administrative costs.. See the full explanation below for the reasoning.
Question
- (Topic 7)
Advantages of writing checks locally on a centralized disbursing bank include all of the following EXCEPT which statement?
Options
- AIt minimizes the number of banks.
- CIt reduces idle balances.
- DIt decreases administrative costs.
How the community answered
(16 responses)- A19% (3)
- C13% (2)
- D69% (11)
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