AFP Certified Treasury Professional CTP Question # 424 Topic 20 Discussion

AFP Certified Treasury Professional CTP Question # 424 Topic 20 Discussion

CTP Exam Topic 20 Question 424 Discussion:
Question #: 424
Topic #: 20

A positive pay service is one where the bank:


A.

verifies by phone any debit charges over a specified dollar value.


B.

pays checks from an account only if it has a positive available balance.


C.

matches check and ACH debits with information transmitted from the issuing company.


D.

transmits a file of paid checks to the company for verification on a daily or intraday basis.


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