16-56 What Is Float

question 72

Multiple Choice

16-56 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:

Craft Unionism

A model of labor unionism focused on representing workers in a specific trade or craft, emphasizing skills and training in their organization and advocacy.

European Model

Refers to the social model found in many European countries that emphasizes a high level of social protection, welfare benefits, and participatory engagement between employers, employees, and governments.

Scope of Unionization

Refers to the extent to which workers in various sectors or regions are organized into and represented by unions.

Soul of Union

The core principles, values, and spirit that guide a labor union's operations and its approach to advocating for workers' rights.