AFP
CTP · Question #720
(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…
Sign in or unlock CTP to reveal the answer and full explanation for question #720. The question stem and answer options stay visible for context.
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
Unlock CTP to see the answer
You've previewed enough free CTP questions. Unlock CTP for full answers, explanations, the timed quiz mode, progress tracking, and the master PDF. Question stem and options stay visible so you can still see what's on the exam.