The Bank's Ledger Balance for a Firm Is Equal to The

question 54

Multiple Choice

The bank's ledger balance for a firm is equal to the:

• A)Firm's ledger balance less payment float
• B)Available balance plus availability float
• C)Firm's ledger balance less availability float
• D)Available balance plus payment float

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Definitions:

Electro-magnetic Induction

The process by which an electric current is generated in a conductor when it is subjected to a varying magnetic field.

Series Circuit

An electrical circuit in which components are connected end-to-end in a single path for current flow.

Magnetic Behaviors

The characteristics and responses of materials or systems under the influence of magnetic fields.

Line of Flux

Refers to the path that magnetic flux follows within a magnetic field, indicating the direction and strength of magnetic forces.