Examlex
Discuss the arguments that favor a floating exchange rate system against a fixed exchange rate system.
Receivables Monitoring
The process of overseeing and managing the amounts owed to a company by its customers for goods or services provided.
Net Float
The difference between checks written against and deposited in an account, which has not yet been cleared and credited or debited.
Writes Cheques
The act of creating a written document instructing a bank to pay a specific amount of money from the writer's account.
Cheques Clear
Refers to the process by which a bank verifies that the funds available in the account of the individual who wrote the cheque are sufficient to cover the amount, and subsequently moves those funds to the account of the cheque recipient.
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