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When Describing a Queuing System,we Use the Term ____________________ Time

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Short Answer

When describing a queuing system,we use the term ____________________ time to refer to the time it takes to serve a customer.


Definitions:

Outstanding Checks

Checks that have been issued and recorded in the issuer's ledger but have not yet been cashed or cleared by the bank.

Reconciled Balance

The balance amount after accounting adjustments have been made to reflect true financial position.

Bank Statement

A document provided by a bank that summarizes an account holder's transactions and balances over a specific period of time.

Outstanding Deposits

Deposits that have been made to an account but not yet credited or available for use.

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