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5. What happens to the value of float reduction for the collecting firm when interest rates decline? 6. Define an earnings credit and describe how
5. What happens to the value of float reduction for the collecting firm when interest rates decline?
6. Define an earnings credit and describe how it is different from interest.
7. Explain the role of mail float, processing float, and availability in the cash collection process .
8. How does a lockbox collection system reduce the three components of collection float?
9. How are simple and complex disbursement systems different?
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