QUESTION 7

Which of the following increases a collecting firm's collection costs?

a.

Decrease in number of remittances processed

b.

Decrease in average face value of remittance

c.

Decrease in variable cost of each remittance

d.

Increase in collection float

QUESTION 12

Which of the following best describes the first method used to concentrate excess cash?

	a.	depository transfer check (DTC)
	b.	overnight repurchase agreement
	c.	electronic depository transfers (EDT)
	d.	telegraph transfers

1 points

QUESTION 13

Which of the following best describes the concentration method that is handled through the ACH network?

	a.	overnight repurchase agreement
	b.	telegraph transfers
	c.	depository transfer check (DTC)
	d.	electronic depository transfers (EDT)