A cash concentration account is frequently used as a source of funds for short-t

ID: 2731520 • Letter: A

Question

A cash concentration account

is frequently used as a source of funds for short-term investments.

cannot be used to cover a compensating balance requirement.

cannot be used to transfer funds into zero-balance accounts.

is generally the only bank account a firm needs to efficiently manage its cash.

is another name for a controlled disbursement account.

is frequently used as a source of funds for short-term investments.

cannot be used to cover a compensating balance requirement.

cannot be used to transfer funds into zero-balance accounts.

is generally the only bank account a firm needs to efficiently manage its cash.

is another name for a controlled disbursement account.

Ans: is frequently used as a source of funds for short-term investments.

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.