Let’s say you don’t borrow money to buy a car, and instead you write a check for the car. When the car dealership deposits your check, the float created means that the amount in the banking system: Select an answer from the options below. A
Let’s say you don’t borrow money to buy a car, and instead you write a check for the car. When the car dealership deposits your check, the float created means that the amount in the banking system: Select an answer from the options below. A
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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Let’s say you don’t borrow money to buy a car, and instead you write a check for the car. When the car dealership deposits your check, the float created means that the amount in the banking system:
Select an answer from the options below.
A
is counted once until the check clears
B
causes the car to be paid for twice
C
causes the car to be sold and then repossessed
D
is briefly counted twice until the check clears
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