The Time Necessary for a Deposited Check to Clear Through

question 42

Multiple Choice

The time necessary for a deposited check to clear through the commercial banking system causes which of the following types of floats?

• A) mail
• B) processing
• C) transit
• D) disbursing

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Definitions:

Transitivity

In preferences, it's the principle that if option A is preferred to B, and B is preferred to C, then A should be preferred to C.

Nonsatiation

The assumption in economics that more of a good or service is always preferred to less, implying that there is no saturation point in consumption.

Prefer

Expressing a choice or inclination towards one option or item over another.

Market Basket

A set of goods and services that are typically consumed by a household or used to track the cost of living or inflation.