Which One of the Following Statements Concerning Disbursement Float Is

question 9

Multiple Choice

Which one of the following statements concerning disbursement float is correct?

• A)Disbursement float is the period of time between a firm making a bank deposit and the funds from that deposit being available to the firm.
• B)Disbursement float decreases when a check is delayed in the mail due to an extended holiday weekend.
• C)Disbursement float causes the available balance to exceed the ledger balance.
• D)Disbursement float is being totally eliminated by the Check Clearing Act for the 21^st Century.
• E)Disbursement float exists when the available balance is less than the book balance.

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Definitions:

Twenty-third Pair

Refers to the last pair of human chromosomes, which determine an individual's sex: XX for females and XY for males.

Chromosomes

Thread-like structures located inside the nucleus of animal and plant cells, made of protein and a single molecule of DNA, carrying genetic information in the form of genes.

Sex of Child

Refers to the biological designation of a child as male or female, often determined at birth based on physical anatomy.

Cesarean

A surgical procedure used to deliver a baby through an incision in the mother's abdomen and uterus.