According to your chequebook, you have a $3,000 balance in your account. You write cheques totaling $4,500 and make a deposit of $3,500. What is your net ﬂoat?

Question

Quizplus · Accepted Answer

Net float is calculated by subtracting total cheque amount from the current balance and then adding the amount of deposit. 
Net float = ($3,000 - $4,500) + $3,500 = -$1,000. 
Therefore, the correct answer is (A) -$1,000.

According to Your Chequebook, You Have a $3,000 Balance in Your