AFP
CTP · Question #533
(Topic 6) The time from the deposit of a check in a bank account until the funds can be used by the payee is known as:
The correct answer is D. availability float. See the full explanation below for the reasoning.
Question
- (Topic 6)
The time from the deposit of a check in a bank account until the funds can be used by the payee is known as:
Options
- Acollection float.
- Bmail float.
- Cprocessing float.
- Davailability float.
How the community answered
(20 responses)- A5% (1)
- B15% (3)
- C5% (1)
- D75% (15)
Community Discussion
No community discussion yet for this question.