__________Float Is the Time That Elapses Between the Deposit of a Check

question 82

Multiple Choice

__________float is the time that elapses between the deposit of a check by the payee and the actualavailability of funds. This component is attributable to the time required for a check to go throughthe banking system.

• A) Mail
• B) Disbursement
• C) Clearing
• D) Processing

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Definitions:

Advertising

A form of marketing communication used to promote or sell a product, service, or idea through various media channels.

Common Sense

Sound practical judgment concerning everyday matters, or a basic ability to perceive, understand, and judge in a manner that is shared by (common to) nearly all people.

Tradition

The transmission of customs or beliefs from generation to generation, or the fact of being passed on in this way.

Status Quo

The existing state of affairs, especially regarding social or political issues.