How Would Electronic Funds Transfer Affect the Use of "Float

question 88

Multiple Choice

How would electronic funds transfer affect the use of "float"?

• A) Increase its use somewhat
• B) Decrease its use somewhat
• C) Virtually eliminate its use
• D) Have no effect on its use

---

Definitions:

Profit-Maximizing

A process or strategy aiming to achieve the highest possible profits from business operations.

Marginal Revenue Curve

A graphical representation showing how marginal revenue varies as output quantity changes, typically downward sloping for firms in competitive markets.

Economic Profit

The difference between total revenue and total costs, including both explicit and implicit costs, representing a firm's net gain.

Marginal Cost

The cost increase associated with the production of an extra unit of a product or service.