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AFP Certified Treasury Professional CTP Question # 303 Topic 8 Discussion

AFP Certified Treasury Professional CTP Question # 303 Topic 8 Discussion

CTP Exam Topic 8 Question 303 Discussion:
Question #: 303
Topic #: 8

A large retailer is preparing to accept credit cards and anticipates monthly credit card sales of $1,000,000. If the terms with the acquiring bank include bundled allocated fees of 6% and the retailer wishes to delay fee payment as long as possible, what should the retailer do?


A.

Accept gross settlement.


B.

Place a hold on consumer credit limits.


C.

Receive net settlement.


D.

Delay funds transfer to card-issuing banks.


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