Net flOat Is the Difference Between a fiRm's Ledger Balance

question 182

True/False

Net float is the difference between a firm's ledger balance and its available balance.

---

Definitions:

Legal Duty

An obligation established by law that requires an individual or entity to conform to a certain standard of conduct.

Unauthorized Access

The act of gaining entry into a computer system, network, or online resource without permission.

Trade Secrets

Confidential business information that provides a competitive edge, protected from disclosure by law.

Protected Computers

Systems that are safeguarded by law against unauthorized access or attack, especially those critical to national defense, banking, and infrastructure.