Transit Float in the Check Clearing System Is the Time

question 40

True/False

Transit float in the check clearing system is the time required for checks to clear through the banking system.

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Definitions:

Organ

A collection of tissues within a living being that are specialized to carry out a particular task.

Nitrogenous Wastes

Waste products containing nitrogen that result from the metabolism of proteins and nucleic acids, such as urea and ammonia.

Urinary System

The body's drainage system for the removal of urine, comprised of the kidneys, ureters, bladder, and urethra.

Vena Cava

A large vein carrying deoxygenated blood into the heart; divided into the superior and inferior vena cava.