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

18 days 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

21 days 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

23 days ago

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

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Torie

1 months ago

Lockbox definitely helps reduce delays in fund availability. Option C seems like the most relevant answer here.

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Micah

13 days ago

Lockbox is a great solution to avoid delays in getting access to funds.

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Melissia

16 days ago

I think option C is the best choice, it mentions reducing delays in fund availability.

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Sarah

18 days ago

I've heard that using a lockbox can really streamline the whole deposit process.

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Deonna

19 days ago

I agree, using a lockbox can definitely speed up the availability of funds.

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Long

19 days ago

I think option C makes the most sense, it's all about reducing delays in transactions.

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Dominga

23 days ago

I agree, using a lockbox can definitely speed up the availability of funds.

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Margurite

2 months ago

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

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Marylin

2 months ago

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

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Wayne

2 months ago

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

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