The checks received in a lockbox are deposited: into a local bank and then trans
ID: 2654229 • Letter: T
Question
The checks received in a lockbox are deposited:
into a local bank and then transferred electronically to a concentration account.
into a local bank and immediately invested in short-term investments.
as soon as they are posted to the customer's account.
the following day and immediately invested.
directly into an investment account.
into a local bank and then transferred electronically to a concentration account.
into a local bank and immediately invested in short-term investments.
as soon as they are posted to the customer's account.
the following day and immediately invested.
directly into an investment account.
Explanation / Answer
Answer:
The checks received in a lockbox are deposited:
into a local bank and then transferred electronically to a concentration account.
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