Which of the following types of payment transactions requires the authorization of both the initiating and the receiving party?

• A.A depository transfer check
• B.A multiple drawee check
• C.A drawdown wire
• D.A non-repetitive wire

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ABC company has a significant number of customers who are mainly consumers making monthly installment payments. Which one of the following types of lockbox would be the MOST appropriate for ABC to use?

• A.Retail
• B.Hybrid
• C.In-house
• D.Wholesale

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Which of the following is NOT a method multinational companies (MNC) use to repatriate capital?

• A.Internal factoring
• B.Transfer pricing
• C.Dividends
• D.Management fees

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Advantages of writing checks locally on a centralized disbursing bank include all of the following EXCEPT which statement?

• A.It minimizes the number of banks.
• B.It provides opportunity for volume discounts on bank charges.
• C.It reduces idle balances.
• D.It decreases administrative costs.

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Cash management services commonly used outside the United States include which of the following?
I. Interest-bearing deposit accounts
II. Controlled disbursement systems
III.
Pooling of bank accounts

• A.II and III only
• B.I, II, and III
• C.I and II only
• D.I and III only

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