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Banking System
A network of financial institutions, including banks, that provide financial services to the public and businesses.
Availability Float
The time difference between when a deposit is made in a bank account and when the amount becomes available for use.
Collection Float
The time gap between when a check is deposited into a bank account and when the funds become available.
Opportunity Cost
Opportunity cost refers to the potential benefits an individual, investor, or business misses out on when choosing one alternative over another.
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