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CTP · Question #720
CTP Question #720: Real Exam Question with Answer & Explanation
The correct answer is A. 1 and 2. See the full explanation below for the reasoning.
Question
- (Topic 8) Which two of the following are methods for concentrating weekend deposits in a field deposit system? 1.Using a wire transfer for the funds on Monday 2.Anticipating deposits and initiating an ACH on Friday 3.Initiating an ACH cash concentration transaction on Thursday 4.Using a multibank lockbox network
Options
- A1 and 2
- B1 and 3
- C2 and 3
- D2 and 4
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