American_Bankers_Association
CTFA · Question #403
Availability float is the __________.
The correct answer is B. Time consumed in clearing the check through the banking system. See the full explanation below for the reasoning.
Investment Management
Question
Availability float is the __________.
Options
- ATotal time between the mailing of the check by the customer and the availability of cash to the
- BTime consumed in clearing the check through the banking system
- CTime the check is in the mail
- DTime during which the check received by the firm remains uncollected
How the community answered
(48 responses)- A4% (2)
- B71% (34)
- C17% (8)
- D8% (4)
Topics
#availability float#check clearing#banking system#float types
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