From the Payor's Perspective,float Adds Value Because of the Delay

question 27

Multiple Choice

From the payor's perspective,float adds value because of the delay between the point in time when a check _______________ and the point in time when the check ________________________.

• A)is written,is debited to the payor's account
• B)is mailed,is deposited by the payee
• C)is deposited,is debited to the payor's account
• D)is mailed,is processed by the bank of first deposit