"Float" Takes Place Because

question 86

Multiple Choice

"Float" takes place because

• A) a firm is early in paying its bills.
• B) the level of cash on the firm's books is equal to the level of cash in the bank.
• C) a lag exists between writing a check and clearing it through the banking system.
• D) a customer writes "hot" checks.

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Definitions:

Interrogation

The process of questioning someone, often in a formal or aggressive manner, typically used by law enforcement to gather information or confessions.

Waterboarding

A form of torture in which water is poured over a cloth covering the face and breathing passages of an immobilized captive, causing the person to experience the sensation of drowning.

Icy Water

Water that is extremely cold, often near freezing point, and can cause physical shock or hypothermia upon contact with the body.

National Security

A state or condition where a nation's sovereignty, territorial integrity, and citizenry are protected and maintained against external threats.