What is float in the banking system? A. An illegal activity that is a form of bank fraud B. Temporary net increase in reserves due to differences in the timing of debits and credits C.
What is float in the banking system? A. An illegal activity that is a form of bank fraud B. Temporary net increase in reserves due to differences in the timing of debits and credits C.
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Question
What is float in the banking system?
A.
An illegal activity that is a form of bank fraud
B.
Temporary net increase in reserves due to differences in the timing of debits and credits
C.
Tendency for interest rates to rise over time
D.
The term used to describe sales of Treasury bonds by the Fed
Expert Solution
Step 1
Float in banking system means that money is counted due to time difference between deposit made and entry in cash system of banks.
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