The Entire Process Resulting from a Check Issue and Mail

question 51

True/False

The entire process resulting from a check issue and mail by a payer company to a payee company (i.e., mail float, processing float, and clearing float) is disbursement float to the payer company and is collection float to the payee company.

---

Definitions:

Population Standard Deviation

A measure of the dispersion or variability of a population's set of values.

Set of Data

A collection of related values or observations that can be analyzed to find patterns or insights.

Data

Information gathered for examination and considered in decision-making or analysis.

Equal

Having the same value, quantity, measure, or meaning as another.