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:

Demographic

Refers to statistical data relating to the population and particular groups within it, often used in marketing to target specific segments.

Old Spice

A brand known for its range of male grooming products, including antiperspirants, deodorants, body washes, and fragrances.

Generation Y

Includes the 62 million Americans born between 1981 and 1996. Also called the echo-boom.

Psychographic Segmentation

The process of dividing a market into segments based on consumer personality traits, lifestyle, or social status.