Question: A lockbox arrangement is: a. a method for the safe-keeping of marketable securities. b. a system for slowing down cash disbursements. c. a system for

A lockbox arrangement is:

a.

a method for the safe-keeping of marketable securities.

b.

a system for slowing down cash disbursements.

c.

a system for speeding up a firm's collections of checks received.

d.

a system for speeding up a firm's disbursement of checks to the customers.

e.

used to identify inventory safety stocks.

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