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

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Definitions:

Diagnosis Codes

Systematic codes used to categorize and identify diseases, disorders, symptoms, and medical conditions for clinical and health management purposes.

Disease

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Physicians' Desk Reference

A comprehensive drug reference guide often used by healthcare professionals to look up medication information and prescribing guidelines.

Herbal Remedy

A medicinal product made from plants or plant extracts, used traditionally to treat or alleviate various health conditions.