When several independent banks operate under a contractual agreement to provide
ID: 2757398 • Letter: W
Question
When several independent banks operate under a contractual agreement to provide lockbox services for each other's costumers, this arrangement is know as a : The measurement that incorporates both the time lag and the dollar amount of remittances is known as a: When several independent banks operate under a contractual agreement to provide lockbox services for each other's costumers, this arrangement is know as a : The measurement that incorporates both the time lag and the dollar amount of remittances is known as a:Explanation / Answer
1)Remittances services
Services provided by banks to companies for the receipt of payment from customers.
2)Dollar day float