A) 1.1 × 10²

question 80

Multiple Choice

• A) 1.1 × 10²
• B) 113.74
• C) 113.7
• D) 113.73635
• E) 113.736

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Definitions:

Net Float

Net float refers to the difference between checks written against and deposited in an account, impacting the available balance before all transactions are settled.

Money Market Securities

Short-term financial instruments typically with high liquidity and short maturities, used by participants as a means for borrowing and lending in the short term.

Maturity

The scheduled day when the full amount of a financial device like a bond or loan must be completely paid off.

Eliminating Float

Strategies or processes aimed at reducing the time delay between when a check is written and when it clears the banking system.