AFP
CTP · Question #706
(Topic 8) Company ABC has recently started to experience a significant reduction in funds availability. Which of the following is MOST LIKELY to reduce funds availability?
The correct answer is C. Company no longer pre-encodes its checks for deposit. See the full explanation below for the reasoning.
Question
- (Topic 8)
Company ABC has recently started to experience a significant reduction in funds availability. Which of the following is MOST LIKELY to reduce funds availability?
Options
- ALedger balances have increased.
- BCompany negotiated a later availability schedule.
- CCompany no longer pre-encodes its checks for deposit.
- DDeposits are arriving at bank later, but prior to cutoff time.
How the community answered
(35 responses)- A14% (5)
- B3% (1)
- C74% (26)
- D9% (3)
Community Discussion
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