Schematic Diagrams ____

question 1

Multiple Choice

Schematic diagrams ____.

• A) are used to represent how the circuit generally appears
• B) show components mounted in their general location with connecting wires
• C) show components in their electrical sequence without regard for physical location
• D) show all hypothetically possible logical relations

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Definitions:

Disbursement Float

The interval when funds are disbursed from a payer's account until the payee's bank credits the amount.

Ledger Float

The time difference between when a check is written and when it is actually deducted from the payer's account.

Collection Float

The time period between when a check is deposited into a bank account and when the funds are available.

Lockbox System

A service offered by banks to companies for the collection of payments from customers, speeding up the process of receiving and depositing checks.