What Does the Term "Float" in Banking Reference

question 46

Multiple Choice

What does the term "float" in banking reference?

• A) The time it takes for a check to go through the traditional check-clearing process and be paid.
• B) The time it takes for a bank authority to report a bad check to the issuing bank.
• C) The time it takes to convert a nonnegotiable instrument to a negotiable instrument.
• D) The time it takes to convert a time instrument to a demand instrument.
• E) The time it takes to convert a demand instrument to a time instrument.

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Definitions:

Zinc-Plated Bolt

A bolt coated with a thin layer of zinc to protect against corrosion, commonly used in various construction and manufacturing applications.

MRP Tables

Tables utilized in Material Requirements Planning that detail the schedule of components needed, their quantities, and the timing for manufacturing or assembly processes.

Bill of Material

A comprehensive list detailing all the raw materials, parts, components, and assemblies needed to produce one unit of a product.

Lot-For-Lot

A production and inventory control strategy that matches the order quantity exactly with the demand, without carrying any excess inventory.