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A new analyst at the company has some questions about float. Answer the following three questions for them. Which of the following factors tends to

A new analyst at the company has some questions about float. Answer the following three questions for them.

Which of the following factors tends to reduce or eliminate the use of float?

a.

lenient credit policies
b.

large cash balances.
c.

electronic funds transfers.
d.

high interest rates

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