The Three Basic Components to Collection or Disbursement Float for Mailed

question 20

Multiple Choice

The three basic components to collection or disbursement float for mailed checks are:

• A)mail float,Fed float,processing float
• B)mail float,processing float,clearing float
• C)mail float,bank float,processing float
• D)mail float,bank float,clearing float

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Definitions:

Roulette-Type Game

A gambling game in which players bet on which compartment of a revolving wheel a small ball will come to rest in.

Availability Heuristic

A mental shortcut that relies on immediate examples that come to mind when evaluating a specific topic, concept, method, or decision.

Functional Fixedness

A cognitive bias that limits a person to using an object only in the way it is traditionally used.

Problem-Solving Barrier

Refers to any obstacle, either internal or external, that impedes the process of finding solutions to a problem, including cognitive biases, lack of resources, or inadequate information.