"Float" Takes Place Because

(Correct Answer Below)

"Float" Takes Place Because

ause A. a firm is early in paying its bills. B. the level of cash on the firm's books is equal to the level of cash in the bank. C. a lag exists between writing a check and clearing it through the banking system. D. a customer writes "hot" checks.
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C. a lag exists between writing a check and clearing it through the banking system.

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