Exam Question
Using a lockbox system to improve collections
- 1) is more expensive than the use of collection centers
- 2) utilizes local banks to clear local payments made to the collection center
- 3) provides more float than collection centers
- 4) results in checks being forward to a P.O. box and clearing through local banks
View Answer
Answer 4) results in checks being forward to a P.O. box and clearing through local banks
Practice set and Exam Quiz
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