Float Management. The Automated Clearinghouse (ACH) system uses electronic communication to provide next-day delivery of payments. The

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Float Management. The Automated Clearinghouse (ACH) system uses electronic communication to provide next-day delivery of payments. The processing cost of making a payment through the ACH system is roughly half the cost of making the same payment by check. Why then do firms often rationally choose to make payments by check?

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Subin Babu

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