A Negative Net Float Indicates That

question 233

Multiple Choice

A negative net float indicates that:

• A) Your disbursement float is greater than your collection float.
• B) The available balance exceeds the book balance.
• C) Your outstanding cheques exceed your uncollected deposits.
• D) The bank has received a direct deposit which is not recorded in your chequebook.
• E) The amount which you can spend is less than the balance appearing in your chequebook.

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