AFP

CTP · Question #570

(Topic 6) The ACH system eliminates float because the:

The correct answer is C. receiving and originating institutions settle simultaneously. See the full explanation below for the reasoning.

Question

(Topic 6)

The ACH system eliminates float because the:

Options

Atransactions are value-dated.
Btransactions are initiated electronically.
Creceiving and originating institutions settle simultaneously.
DFed charges back the cost of float.

How the community answered

(36 responses)

A
3% (1)
B
11% (4)
C
83% (30)
D
3% (1)

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