American_Bankers_Association

CTFA · Question #108

Time consumed in clearing a check through the banking system.

The correct answer is D. Availability float. See the full explanation below for the reasoning.

Fiduciary and Trust Activities

Question

Time consumed in clearing a check through the banking system.

Options

AProcessing float
BDeposit float
CCollection float
DAvailability float

How the community answered

(56 responses)

A
5% (3)
B
2% (1)
C
11% (6)
D
82% (46)

Topics

#availability float#check clearing#banking operations#cash management

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