Which of the Following Is the Period Between the Time

question 41

Multiple Choice

Which of the following is the period between the time a check is written and the time it is presented for final payment,during which time a customer can still use his or her funds?

• A) Transfer time.
• B) Electronic time.
• C) Chargeable time.
• D) Float time.
• E) Usable time.

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Definitions:

Unemployment Rate

The percentage of the labor force that is jobless and actively looking for work.

Phillips Curve

An economic concept that depicts an inverse relationship between the rate of unemployment and the rate of inflation.

Central Bank

An institution that manages a country's currency, money supply, and interest rates, oversee the commercial banking system, and provides financial services to the government.

Unemployment Rate

The percentage of the labor force that is jobless and seeking employment, used as an indicator of the economy's health.