AFP
CTP · Question #597
(Topic 6) The time between when the payor mails the check and the payee receives available funds is known as:
The correct answer is D. collection float. See the full explanation below for the reasoning.
Question
- (Topic 6)
The time between when the payor mails the check and the payee receives available funds is known as:
Options
- Amail float.
- Bprocessing float.
- Cavailability float.
- Dcollection float.
How the community answered
(53 responses)- A8% (4)
- B15% (8)
- C4% (2)
- D74% (39)
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