Processing Float in the Check Clearing System Is the Time

question 81

True/False

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

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Definitions:

Monte Carlo Simulation

A computational algorithm that relies on repeated random sampling to obtain numerical results, often used to model probabilities of different outcomes in a complex system.

Random Numbers

A sequence of numbers or symbols that cannot be reasonably predicted better than by a random chance, often used in simulations and statistical sampling.