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CTP · Question #588
CTP Question #588: Real Exam Question with Answer & Explanation
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.
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