AGA Exam CGFM Topic 4 Question 42 Discussion

Actual exam question for AGA's CGFM exam

Question #: 42
Topic #: 4

[All CGFM Questions]

Use of a lockbox eliminates

Ainternal office processing delays occurring prior to making deposits.

Bmail and check-clearing time.

Cdelays in the availability of funds after transaction initiation.

Dthe writing of checks against insufficient funds.

Show Suggested Answer

Suggested Answer: A

by Bernardo at Mar 18, 2024, 02:35 AM

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Rose

1 months ago

Haha, I guess a lockbox can't stop me from writing checks with insufficient funds. But option C is still the best answer here.

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Latonia

1 months ago

Lockbox is all about accelerating the funds availability, so C is the way to go. No more waiting around for checks to clear!

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Alba

1 months ago

I agree, C is the correct choice. Lockbox streamlines the deposit process and improves cash flow management.

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Elroy

1 days ago

C) delays in the availability of funds after transaction initiation.

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Avery

6 days ago

B) mail and check-clearing time.

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Lelia

16 days ago

A) internal office processing delays occurring prior to making deposits.

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3 months ago

I think the use of a lockbox eliminates internal office processing delays.

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