________ float is the time that elapses between the deposit of a check by the payee and the actual availability of funds.
A) Mail
B) Processing
C) Clearing
D) Disbursement

Question

Quizplus · Accepted Answer

Clearing float is the time it takes for a check to be cleared between banks and for the funds to actually become available for the recipient. This can take several days or even longer, depending on the banks involved, and can result in delays in accessing funds. The other options (mail float, processing float, and disbursement float) refer to different aspects of the check deposit process but do not specifically relate to the time it takes for funds to clear.

________ Float Is the Time That Elapses Between the Deposit