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Managing float is important for an insurance company. One aspect of managing float is controlling disbursements (cash outflows). One tool that is used to help
Managing float is important for an insurance company. One aspect of managing float is controlling disbursements (cash outflows). One tool that is used to help control disbursements is a central account into which funds collected from all sources are transferred. Balance adjustments at all other banks are made by transferring the proper amount into or out of this account. What is this account called? Available answer options Select only one option A Zero-balance account B Accumulation account C Money market account D Concentration account
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