Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Which one of the following statements is CORRECT about collection float? Select one: A. Collection float is existing when the available balance exceeds the book

Which one of the following statements is CORRECT about collection float?

Select one:

A. Collection float is existing when the available balance exceeds the book balance.

B. Collection float can be avoided by collecting payments electronically at the time of sale.

C. Collection float is more desirable to companies than disbursement float.

D. Collection float is eliminated by implementing a concentration banking system.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Banking Secrecy And Global Finance

Authors: Donato Masciandaro, Olga Balakina

1st Edition

1137400099, 978-1137400093

More Books

Students also viewed these Finance questions