Float refers to how long it takes a credit customer to pay the firm.

Name: Float refers to how long it takes a credit customer to pay the firm.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Float actually refers to the time difference between when a check is deposited into a bank account and when the amount is available to the recipient, reflecting the period a bank takes to process the check. It does not relate to the payment time of credit customers to a firm.

Float Refers to How Long It Takes a Credit Customer