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 disbursement ﬂoat?

Name: 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 disbursement ﬂoat?
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Question

Quizplus · Accepted Answer

The disbursement float is the total amount of cheques written that have not yet cleared, which is $4,500 in this case.

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