The use of "float" has dramatically increased since the Check Clearing for the 21st Century Act was passed.

Question

Quizplus · Accepted Answer

The Check Clearing for the 21st Century Act, also known as Check 21, was actually passed in 2003 and its main purpose was to allow banks to create and process electronic check images, rather than physically transporting paper checks. While Check 21 may have affected the use of float in certain ways, it did not directly result in a dramatic increase in its use.

The Use of "Float" Has Dramatically Increased Since the Check