The Default Output of Decimal Numbers of the Type Float

question 43

True/False

The default output of decimal numbers of the type float is up to nine decimal places.

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Definitions:

Float

Money tied up in the check-clearing process.

Check Clearing

Check clearing is the process through which banks verify and process the transfer of funds from the check issuer's account to the recipient's account, finalizing the transaction.

Transit Float

The time difference between when a payment is made and when it is available in the recipient's account.

Processing Float

The time delay between when a check is written and when it is actually deducted from the payer's account, often utilized in managing company cash flows.