The Amount of Time It Takes for a Cheque to Clear

question 337

Multiple Choice

The amount of time it takes for a cheque to clear through the banking system is called:

• A) Mail float.
• B) Processing float.
• C) Total float.
• D) Availability float.
• E) Collection float.

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Definitions:

Career Consolidation Period

A life stage in which individuals focus on establishing their careers, often prioritizing work achievements and stability.

Tentative Period

A stage in career development where individuals explore various occupational options through coursework, hobbies, or work experiences, typically occurring during adolescence.

Fantasy Period

A developmental stage in career psychology where individuals, typically children, fantasize about careers based on interests with little regard for limitations or requirements.

Realistic Period

In career development, it refers to a stage where individuals focus on realistic job possibilities that match their skills and interests.