-In the Figure Above, the Multiplier Equals

question 441

Multiple Choice

-In the figure above, the multiplier equals

• A) 2.5.
• B) 0.5.
• C) 10.0.
• D) some amount that cannot be calculated without additional information.

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Definitions:

Disbursement Float

The time lag between the issuance of a check by a payer and the actual deduction of funds from the payer's account.

Cheques

Written, dated, and signed instruments that direct a bank to pay a specific sum of money to the bearers or named party.

Deposit

A sum of money placed into an account, typically in a bank, to be kept safe and potentially earn interest.

Interest Bearing Account

A bank account that yields interest income on the deposited funds over time, offering a return to the account holder.