During the Height of the Last Ice Age, Approximately 18,000

question 54

Multiple Choice

During the height of the last ice age, approximately 18,000 years ago, sea level

• A) rose by a few hundred feet.
• B) dropped by a few hundred feet.
• C) remained constant.

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Definitions:

Collection Float

The time period between when a check is written and deposited and when the funds are actually available in the payee's account.

Net Float

Net float is the difference between the balance according to the bank's records and the balance according to the company's records, due to checks or other transactions in the process of clearing.

Collection Float

The time period between when a check is deposited in a bank and when the funds are made available, reflecting the bank's processing time.