Which of the Following Is an EXCEPTION to the Mandatory

question 50

Multiple Choice

Which of the following is an EXCEPTION to the mandatory availability schedules of the expedited Funds Availability Act?

• A) Cashier's checks
• B) Teller's checks
• C) Electronic payments
• D) New accounts

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Definitions:

Cash Management System

A framework used by companies and individuals to manage, monitor, and control their cash flow and liquidity efficiently.

Disbursement Float

The time delay between when a check is written and the funds are actually deducted from the payer's account.

Collections Float

The time gap between when a check is deposited in a bank and when the funds become available, affecting the cash flow of the business.

Credit Department

The division within a company or financial institution that is responsible for managing customer credit and collecting payments.