Which Statement Is Correct

question 58

Multiple Choice

Which statement is correct?

• A)Disbursement float is the period of time between a firm making a bank deposit and the funds from that deposit being available to the firm.
• B)Disbursement float decreases when a check is delayed in the mail due to an extended holiday weekend.
• C)Disbursement float causes the available balance to exceed the ledger balance.
• D)Disbursement float is being totally eliminated by the Check Clearing Act for the 21^st Century.
• E)Disbursement float exists when the available balance is less than the book balance.

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Definitions:

Postsecondary Education

Education provided after high school, including programs at colleges, universities, and vocational schools.

Strong Ego

A psychological term indicating a person’s sense of self-esteem or self-importance, which is resilient and robust.

Weak Superego

Describes a condition in psychoanalytic theory where an individual's superego is not strong enough to balance the desires of the id, leading to potentially problematic behaviors.

Pleasure Principle

In psychoanalytic theory, the instinctual seeking of pleasure and avoiding of pain to satisfy biological and psychological needs.