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In Economics,money Is Defined as

question 248

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In economics,money is defined as


Definitions:

Average Daily Float

The average amount of uncollected funds in a bank account over a specified period.

Cheques

A document that orders a bank to pay a specific amount of money from a person's account to the person in whose name the cheque has been issued.

Collection Delay

The period between when a company invoices its customers and when it actually receives payment, affecting the company's cash flow.

Amounts

Quantities or sums of money.

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