AFP
CTP · Question #588
(Topic 6) The time between receipt of a mailed payment and the deposit of the payment in the payee's account is known as:
The correct answer is C. processing float. See the full explanation below for the reasoning.
Question
- (Topic 6)
The time between receipt of a mailed payment and the deposit of the payment in the payee's account is known as:
Options
- Acollection float.
- Bmail float.
- Cprocessing float.
- Davailability float.
How the community answered
(20 responses)- A5% (1)
- C85% (17)
- D10% (2)
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