Float" takes place because O a firm is early in paying its bills. O the level of cash on the firm's books is equal to the level of cash in the bank O a lag exists between wnting a check and clearing it through the banking system O a customer writes "hot" checks QUESTION 9 How would electronic funds transfer affect the use of "float? O Increase its use somewhat O Decroase its use somewhat O Virtually eliminate its use O Have no effect on its use