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A(n) ______ system is an arrangement that permits a customer's bank to periodically transfer funds from its account to a selling firm's bank account to

A(n) ______ system is an arrangement that permits a customer's bank to periodically transfer funds from its account to a selling firm's bank account to pay an amount owed to the selling firm.

a. concentration banking

b. disbursement

c. lockbox

d. preauthorized debit

e. accounts payable

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