Explain the concept of float.

Multiple choices are:

float is the difference between the available balance at the bank and the firms book balance

float is the liquidity of cash

float arises from the liquidity of assets

float arises from the time it takes to transfer and process a payment

A and B

A and C

A and D

B and C

B and D

C and D

all but A

all but B

all but C

all but D

all are true