__________float is the time that elapses between the deposit of a check by the payee and the actualavailability of funds. This component is attributable to the time required for a check to go throughthe banking system.
A) Mail
B) Disbursement
C) Clearing
D) Processing

Question

Quizplus · Accepted Answer

"Clearing" refers to the process of a check going through the banking system, which is where the float occurs. The other choices don't accurately describe this specific concept.

__________Float Is the Time That Elapses Between the Deposit of a Check