Which One of the Following Is an Expected Result of the Check

question 6

Multiple Choice

Which one of the following is an expected result of the Check Clearing Act for the Century?

• A) Firms will have to wait three days before having access to their deposited funds.
• B) Zero-balance accounts will be eliminated.
• C) Lockboxes will be prohibited.
• D) Collection float, but not disbursement float, will be reduced.
• E) Both collection and disbursement float will be reduced.