Which of the Following Statements Is True

question 18

Multiple Choice

Which of the following statements is true?

• A) Collection float is the time that elapses between when a customer mails a payment and when the cheque is actually received.
• B) Collection float is the time that elapses between when the company receives a customer's payment and when the cheque is deposited in the bank.
• C) Collection float includes mail float while disbursement float does not.
• D) Collection float is the time that elapses between when the company deposits cheques into the bank and when the cheques are presented to the customers' banks for payment.
• E) Collection float is equal to the sum of mail and processing floats, minus the availability float.

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Definitions:

Illegal Drugs

Substances whose production, sale, or possession are prohibited by law.

Price Index

A statistical measure that shows changes in the cost of acquiring a specific basket of goods and services over time.

Underground Economy

Economic activity that occurs outside of government regulation and taxation, including both illegal activities and unreported income from legal sources.

Gross Domestic Product

The collective market or monetary value of all final products and services created within a nation's territory in a specific duration.