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CTP · Question #911
CTP Question #911: Real Exam Question with Answer & Explanation
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Question
- (Topic 9) XYZ Company's cash manager is evaluating cash concentration transfer options. The company has an 8% cost of funds and $50,000 in average daily field cash receipts. The wire transferresults in the transfer of funds one day faster. Which of the following options correctly ranks the transfer choices from most cost-effective to least cost-effective? 1.Electronic depository transfer costing $1.00 2.Electronic depository transfer costing $2.50 3.Wire transfer costing $8.00 4.Wire transfer costing $15.00
Options
- A1, 2, 3, 4
- B1, 3, 2, 4
- C3, 1, 2, 4
- D3, 4, 1, 2
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