Which Statement Is Correct

question 58

Multiple Choice

Which statement is correct?

• A)Disbursement float is the period of time between a firm making a bank deposit and the funds from that deposit being available to the firm.
• B)Disbursement float decreases when a check is delayed in the mail due to an extended holiday weekend.
• C)Disbursement float causes the available balance to exceed the ledger balance.
• D)Disbursement float is being totally eliminated by the Check Clearing Act for the 21^st Century.
• E)Disbursement float exists when the available balance is less than the book balance.

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Definitions:

Constantly-Changing

Refers to something that is in a state of continuous movement or flux, not remaining the same over time.

Dynamic Concept

A notion or idea that is subject to change and capable of evolution or development over time.

Fully Functioning Person

A term used by Carl Rogers to describe an individual who is living optimally with self-awareness and authenticity, open to experience, and continually growing.

Optimal Level

The most favorable or efficient degree or state of something for achieving a specific outcome or purpose.