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Retail Banking Industry And Processes MCQs

What does the term "Availability Float" imply?

The banking hours of your local bank

The period of time it takes a check to be cleared

A limit on how long a check is good for before it becomes invalid

The time period or the amount represented by checks that have been deposited but not cleared

Answer

Correct Answer: The time period or the amount represented by checks that have been deposited but not cleared

Explanation:

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