Exam Question
A collection center
- 1) involves using geographically disbursed centers to collect from non-paying customers
- 2) utilizes local banks to clear local payments made to the collection center
- 3) is lower in cost to the firm than a lockbox system
- 4) results in checks being forwarded to a P.O. box and clearing through local bank branches
View Answer
Answer 2) utilizes local banks to clear local payments made to the collection center
Practice set and Exam Quiz
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