What Is the Term Used When Reserves Increase from a Check

question 65

Multiple Choice

What is the term used when reserves increase from a check being credited to one bank before it is debited from another?

• A)bank credit
• B)simple money float
• C)Federal Reserve float
• D)required reserve float

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Definitions:

Consistent

Showing steady conformity to character, profession, belief, or custom.

Experiments

Research methods employed to explore, verify a hypothesis, or prove an established truth.

Model

A representation, either physical, mathematical, or conceptual, used to describe, explain, or predict phenomena in the real world.

Exposed

Being subject to something or made vulnerable to its effects.