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Float takes place because A.a firm is early in paying its bills. B.the level of cash on the firm's books is equal to the level

  • Float" takes place becauseA.a firm is early in paying its bills.
  • B.the level of cash on the firm's books is equal to the level of cash in the bank
  • C.a lag exists between writing a check and clearing it through the banking system
  • D.a customer writes "hot" checks.

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