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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3 days ago

But what about delays in the availability of funds after transaction initiation? Does it help with that too?

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8 days ago

I agree with Wayne, it definitely speeds up the deposit process.

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13 days ago

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

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