Kiting is an example of a technique used to intentionally and materially overstate cash.

Name: Kiting is an example of a technique used to intentionally and materially overstate cash.
Brand: Quizplus
Rating: 4.9 (35 reviews)

Question

Quizplus · Accepted Answer

Kiting is a fraudulent technique of inflating the cash balance by intentionally writing a check from one bank account to another, even if there are insufficient funds in the first account, with the expectation that the funds will be covered before the check is cleared. It is a form of check fraud and is illegal.

Kiting Is an Example of a Technique Used to Intentionally