"Float" takes place because...\ Select one:\ a. a lag exists between writing a check and clearing it through the banking system.\ b. a firm pays its bills ahead of the due date.\ c. the level of cash on the firm's books is equal to the level of cash in the bank.\ d. a customer writes "hot" checks.

"Float" takes place because... Select one: a. a lag exists between writing a check and clearing it through the banking system. b. a firm pays its bills ahead of the due date. c. the level of cash on the firm's books is equal to the level of cash in the bank. d. a customer writes "hot" checks