A collection float is made up of all of the following EXCEPT:
A)availability float
B)disbursement float
C)processing float
D)mail float

Question

Quizplus · Accepted Answer

A collection float consists of components that delay the process of checks or payments being cleared and becoming available in the beneficiary's account. It includes mail float (the time a payment spends in the postal system), processing float (the time it takes for the recipient to process the payment upon receipt), and availability float (the time it takes for the bank to make funds available after deposit). Disbursement float, on the other hand, refers to the time between when a check is written and when the amount is actually withdrawn from the payer's account, which is not a component of collection float but rather related to the payer's side of transactions.

A Collection Float Is Made Up of All of the Following