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Identify the primary function of permissive licensure.
Average Daily Float
The average daily float refers to the difference between checks written and checks cleared or deposited, highlighting the average amount of unprocessed checks within a certain timeframe.
Clearing Times
The time taken for the transfer of funds or securities from one party to another to be completed and the transaction to be settled.
Miller-Orr Model
A financial model used for cash management, it helps in determining the optimal level of cash balance and controls the costs associated with cash balances.
Weekly Cash Flows
The movement of cash in and out of a business on a weekly basis, tracking how money is spent and received.
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