Post Utme Bowen University 2023 Commerce Question 33

Practice objective / multiple choice question 33 from the 2023 Post Utme Bowen University Commerce examination.

Post Utme Bowen University 2023 Commerce Objective / Multiple Choice

Question 33 POST_UTME_BOWEN_UNIVERSITY • 2023 • COMMERCE • objective

A bank's cash management system involves the use of a cash concentration account. What is the primary purpose of this account?

Answer Options

A. To reduce the risk of cash theft

Correct Answer B. To increase the bank's liquidity

C. To improve the bank's cash forecasting

D. To reduce the bank's operating costs

Correct Answer

Correct Option:

To increase the bank's liquidity

About This Question

This is Post Utme Bowen University 2023 Commerce Question 33. It is one of the objective questions from the 2023 Post Utme Bowen University Commerce examination.

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