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What is the shape of the yield curve when short rates are expected to fall in the medium term, and then increase? Demonstrate this graphically.
Net Float
The difference between checks written and deposited but not yet cleared, affecting a company's available cash balance.
Deposited
The act of placing money into a financial account or institution for safekeeping or to earn interest.
Cheques
Non-cash forms of payment that order a bank to pay a specific amount of money from a person's account to another individual or company's account.
Lockbox System
A service offered by banks to companies for the collection of payments from customers, utilizing a special post office box to speed up the deposit of checks.
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