A new government regulation decreases the time that a bank can hold a check before clearing it.
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Question:
A new government regulation decreases the time that a bank can hold a check before clearing it. This shortens the average float by two days. Under which circumstance will this cause a loss of revenue for a healthcare business?
- When it writes checks from an account that pays interest
- B. When it deposits checks from customers in an account that pays no interest
- C. When it deposits checks from customers in an account that pays interest
- D. When it receives as payment a high number of NSF checks
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