Float Exists When a Payee Has Received Funds in a Spendable

question 231

True/False

Float exists when a payee has received funds in a spendable form but these funds have not been withdrawn from the account of the payer.

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Definitions:

Sensory Memory

The memory of an event that is recorded by sensory neurons that lasts for a very brief time after the event ends.

Iconic Memory

The visual memory of an event stored in the sensory register.

Echoic Memory

The auditory memory of an event stored in the sensory register.

Serial Position Effect

The faster learning and greater recall of items at the beginning and end of a list rather than at the middle of the list.