Deposit Float Is the __________

question 259

Multiple Choice

Deposit float is the __________.

• A) Total time between the mailing of the check by the customer and the availability of cash to the receiving firm
• B) Time consumed in clearing the check through the banking system
• C) Time the check is in the mail
• D) Time during which the check received by the firm remains uncollected

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Definitions:

Federal And State Laws

Legal provisions enacted by the federal or state governments which regulate employment practices, worker rights, and business operations within their jurisdiction.

Administrative Law

The body of law that governs the activities of administrative agencies of government, including rulemaking, adjudication, or enforcement of a regulatory agenda.

Executive Orders

Directives issued by the President of the United States, or by the leader of a state or organization, that have the force of law and are used to manage operations and policies.

Governmental Controls

Regulations and policies implemented by a government to manage and control business practices, market entry, or trade.