The basic components of collection float include all of the following EXCEPT____________float.
A) mail
B) clearing
C) disbursement
D) processing

Question

The basic components of collection float include all of the following EXCEPT____________float. 
A) mail
B) clearing
C) disbursement
D) processing

Quizplus · Accepted Answer

Collection float is the time between when a check is deposited and when the funds are available in the account. The basic components of collection float include mail, clearing, and processing because these are steps involved in the check collection process. Disbursement, however, refers to the payment of funds and is not a component of collection float.

The Basic Components of Collection Float Include All of the Following