The Federal Reserve float is
A) items in process of collection - deferred credit items.
B) items in process of collection + deferred credit items.
C) deferred credit items - items in process of collection.
D) deferred credit items + items in process of collection.

Question

Quizplus · Accepted Answer

The Federal Reserve float is calculated as items in process of collection minus deferred credit items. This represents the net effect of checks that are being processed but not yet cleared and credits that are recognized but not yet available for use.

The Federal Reserve Float Is