What Is Float

question 42

Multiple Choice

What is float?

• A)Overnight payments via CHIPS or Fedwire.
• B)Encoding, endorsing, microfilming, and handling customers' checks.
• C)Time it takes a check to clear at a bank.
• D)Management of multiple currency and security portfolios for trading and investment purposes.
• E)Interval between the dispatch of a bill and actual payment by the consumer.

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Definitions:

Immigration Reform

Legislative efforts to change or improve laws and policies governing immigrants and immigration to a country.

U.S. Senate

The U.S. Senate is one of the two chambers of the United States Congress, comprising representatives from each state who serve six-year terms, with the role of creating and passing federal laws.

John McCain

John McCain was an American politician and military officer who served as a United States Senator from Arizona from 1987 until his death in 2018. He was the Republican nominee for President of the United States in the 2008 election.

Household Debt

The combined debts of all members of a household, including mortgages, credit cards, car loans, and other forms of personal debt.