Payment float reflects the amount on cheques written by a company that has not been cleared.
Correct Answer:
Verified
Q2: Short-term securities have high interest-rate risk.
Q7: Just-in-time inventory management is suitable for an
Q9: Concentration banking allows the banks to use
Q16: As the number of inventory orders per
Q18: While many firms may hold too much
Q27: Repos are long-term unsecured loan agreements.
Q30: A common characteristic of money market instruments
Q88: In order to maintain a zero-balance account,
Q93: The Canadian central bank encourages remote disbursements,
Q96: Availability float reflects the amount on cheques
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents