For the Farmers of the Great Plains, the New Deal

question 96

True/False

For the farmers of the Great Plains, the New Deal programs offered little, as their major problem was ecological.

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Definitions:

Lockbox System

A service provided by banks to companies for the receipt of payment from customers, involving the use of a post office box to collect and process payments.

Collection Float

The time gap between when a check is deposited and when the funds are available in the recipient's account, affecting the cash flow of businesses.

Cheques

Paper instruments that direct banks to pay a specified amount of money from a person's account to the person in whose name the cheque has been issued.

Daily Interest Rate

The interest rate calculated on a daily basis, often used to compute interest on loans or investments over a short period.