Corrections Is a Means of Social

question 51

Multiple Choice

Corrections is a means of social .

• A) balance
• B) engineering
• C) enslavement
• D) control

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Definitions:

Float

The time difference between when a check is written and when the corresponding amount is actually withdrawn from the payer's account.

Collected Balance

Collected Balance refers to the amount of funds in a bank account that is available and has been processed completely, distinguishing it from the ledger balance.

Ledger Balance

The total balance of a bank account, calculated at the end of each business day, including all deposits and withdrawals that have been posted to the account.

Lockbox Arrangements

A service provided by banks to process payments quickly by collecting and depositing checks into the company's account on behalf of the company.