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

question 85

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 net float.
• C) firm's ledger balance less availability float.
• D) available balance plus payment float.

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Definitions:

Coupon Rate

The annual percentage rate at which a bond accrues interest, relative to its nominal value.

Yield

The annual percentage of the investment cost that represents the income generated from an investment, like dividends or interest earnings.

Rate of Return

The increase or decrease in the value of an investment during a set time frame, shown as a percent of the investment's initial cost.

Valuation

The process of determining the current worth of an asset or a company.