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The Research Center has branch operations in three states. Each branch deals with a local bank. However, all excess funds in these branch bank accounts

The Research Center has branch operations in three states. Each branch deals with a local bank. However, all excess funds in these branch bank accounts are transferred on a daily basis to the firm's primary bank located near the firm's home office. This routine of transferring cash to the primary bank on a regular basis is referred to as:

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