1) What innovations have allowed most firms who accept cash and checks at retail locations to eliminate most field bank accounts? 

a. ACH debit files and same-day ACH 

b. ACH debits and concentration accounts 

c. Physical and notional pooling 

d. Remote deposit capture and smart safes

2) Using a letter of credit may result in 

a. credit rating substitution. 

b. collateralization. 

c. diversification. 

d. reduced marketability.

3) What has extended the usefulness of electronic funds transfer systems and helps these systems avoid errors or delays? 

a. Electronic lockbox processing 

b. Extended remittance information 

c. Remote deposit capture 

d. Float-neutral terms

4) A company using positive pay wants to improve its speed of response and the accuracy of the positive pay method. Which of the following would allow the treasury professional to make these critical pay/no-pay decisions in the MOST timely manner? 

a. Full reconciliation 

b. Purchasing cards 

c. Imaging services 

d. Photocopies of checks

5) Which is a primary reason to use a wholesale lockbox? 

a. Remittance payments are primarily in electronic formats 

b. The remittance information does not include a standardized remittance coupon 

c. Remittance information is machine-readable justifying the cost of the equipment 

d. The firm receives a high volume of C2B payments

6) All of the following may be used to initiate a stop payment EXCEPT 

a. telephone. 

b. high-order prefix. 

c. electronic message. 

d. letter.

Answer rating: 100% (QA)

1ACH debits and concentration accounts explanation A Cash Concentration or Disbursement CCD batch is ... View the full answer