The Difference Between the Amount of Cash on the Firm's

question 21

Multiple Choice

The difference between the amount of cash on the firm's books and the amount credited to it by the bank is

• A) an overdraft.
• B) interest revenue.
• C) extended disbursement.
• D) float.

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Definitions:

Satisfy Wants

The fulfillment of human desires or needs through the consumption of goods and services.

Utility

In economics, utility is the satisfaction or benefit derived by consumers from consuming goods or services.

Data

Information collected for analysis or used to reason or make decisions.

Value for X

A placeholder term often used in mathematics to represent an unknown or variable quantity.