Question: What is the definition of float? Multiple choice question. The time period between a customer mailing a payment and the collecting firm receiving that payment

What is the definition of float? Multiple choice question. The time period between a customer mailing a payment and the collecting firm receiving that payment The time period between a customer mailing a payment and the funds being available to the collecting firm The time period between a customer mailing a payment and the payment being deposited in the collecting firm's bank The time period between a firm receiving a payment and the funds from that payment being available for use

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