Question

Your business bank account allows you to receive cash from other than your normal customer?

A) Wire Transfers
B) Direct Debits
C) Mobile Payments
D) Cash Deposits

Answer 1

A business bank account allows you to receive cash from sources other than your normal customers. The options for receiving cash are wire transfers, direct debits, mobile payments, and cash deposits. All options are correct.

Step-by-step explanation:

A business bank account allows you to receive cash from sources other than your normal customers. The options provided in the question are:

1. Wire Transfers: Wire transfers are electronic transfers of money from one bank account to another. This allows you to receive cash directly into your business bank account.
2. Direct Debits: Direct debits are automated payments that are initiated by another party, such as bill payments or subscription fees. These payments can be deposited directly into your business bank account.
3. Mobile Payments: Mobile payments, such as digital wallets or payment apps, allow customers to send money directly from their mobile devices to their business bank account.
4. Cash Deposits: Cash deposits are physical deposits of cash into your business bank account. This can be done by visiting a bank branch or using cash deposit machines.

These options provide businesses with flexibility in receiving cash from various sources. All options are correct.