Fed Float Occurs Because the Fed

question 7

Multiple Choice

Fed float occurs because the Fed

• A)is no longer involved in the check clearing process
• B)cannot immediately transfer funds to the pay in its wire transfer system
• C)grants check availability to the clearing bank before debiting the pay bank
• D)debits the pay bank for check amounts before granting availability to the clearing bank

---

Definitions:

Jeannette Rankin

The first woman ever elected to the United States Congress, serving as a Representative from Montana and a lifelong advocate for peace and women's rights.

Woman

An adult female human being.

Congress

is the legislative branch of the United States federal government, composed of two houses: the Senate and the House of Representatives.

Peace Ship

Henry Ford's 1915 initiative to send a ship to Europe carrying American activists in an effort to negotiate an end to World War I; it was met with skepticism and did not achieve its goal.