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AFP CTP Question # 218 Topic 22 Discussion

CTP Exam Topic 22 Question 218 Discussion:
Question #: 218
Topic #: 22

A company invests all of its short-term excess cash in T-bills on a daily basis. To prevent delays in processing its outgoing wire transfers, the company may ask its cash management bank to establish a:


A.

daylight overdraft line.


B.

letter of credit.


C.

revolving line of credit.


D.

net debit cap.


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