A significant problem with centralized cash depositories is that they are isolated from the rest of the firm and tend to be at an information disadvantage.
Correct Answer:
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Q42: Even though dividends are cash payments, firms
Q43: A precautionary cash balance:
A)is used to replace
Q44: A reason for holding all precautionary balances
Q45: A foreign banking office that is separately
Q46: An in-house bank:
A)is a separate bank chartered
Q48: Regarding wire transfers, CHIPS actually clears transactions
Q49: A disadvantage of a centralized cash management
Q50: The Clearing House Interbank Payment System (CHIPS)is:
A)the
Q51: Because they are direct payments, dividends are
Q52: An organizational structure employed by an MNE
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