AFP
CTP · Question #702
(Topic 8) A cash manager is responsible for a small subsidiary that has significant funds but only writes one check per month. Which of the following types of accounts would the cash manager use for…
The correct answer is D. Money Market Deposit Account. See the full explanation below for the reasoning.
Question
- (Topic 8)
A cash manager is responsible for a small subsidiary that has significant funds but only writes one check per month. Which of the following types of accounts would the cash manager use for this subsidiary?
Options
- ANOW
- BDemand deposit
- CSavings
- DMoney Market Deposit Account
How the community answered
(25 responses)- A16% (4)
- B8% (2)
- C4% (1)
- D72% (18)
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