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Which one of the following statements is correct? Multiple Choice A depository transfer check is the most costly means of transferring funds into a cash
Which one of the following statements is correct? Multiple Choice A depository transfer check is the most costly means of transferring funds into a cash concentration account. The fastest means of transferring funds into a concentration account is a wire transfer. Funds received via automated clearing house transfers are available that day. The means selected to transfer funds into a concentration account depend upon the bank used for the concentration account. Concentration accounts are used to transfer funds to lockbox locations as needed.
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