Banks have been working for years to develop technologies that will help them reduce the ____, which is the delay that occurs between the time that a person writes a check and the time that check clears the person's bank.

Question

Quizplus · Accepted Answer

The term that matches the description is "float," which refers to the time between when a check is written and when it is deducted from the writer's account. Banks have been working to reduce this float time through technologies like electronic check processing.

Banks Have Been Working for Years to Develop Technologies That