What Does the Banking Term "Float" Reference

question 12

Multiple Choice

What does the banking term "float" reference?

• A)The time it takes to convert a time instrument to a demand instrument.
• B)The time it takes a check to go through the traditional check-clearing process and be paid.
• C)The time it takes a bank authority to report a bad check to the issuing bank.
• D)The time it takes to convert a nonnegotiable instrument to a negotiable instrument.
• E)The time it takes to convert a demand instrument to a time instrument.

Recognize various graphical representations used in project scheduling, including Gantt and network charts.

Explain strategies for accelerating project schedules, including resource reassignment.

Evaluate criteria for selecting project management software.

Understand the concept and calculation of float in project schedules.

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Definitions:

Negation

In logic, the operation that takes a proposition to its opposite in truth value.

Disjunction

A logical operation that results in true if at least one of its operands is true.

Conditional

A statement, often expressed as "if-then," that specifies a condition and the outcome if that condition is met.

Conjunction

In grammar, a conjunction is a part of speech that connects words, sentences, phrases, or clauses.