A change that increases the Fed's speed at clearing checks would cause the amount of float to:
A. Decrease
B. Increase
C. Stay the same, since the speed of clearing checks doesn't impact the float.
D. Increase, but only until the system adjust.
Answer:A
A change that increases the Fed's speed at clearing checks would cause the amount of float to:
A. Decrease B. Increase C. Stay the same, since the speed of clearing checks doesn't impact the float. D. Increase, but only until the system adjust.