Post Utme Skyline University 2024 Commerce Question 10

Practice objective / multiple choice question 10 from the 2024 Post Utme Skyline University Commerce examination.

Post Utme Skyline University 2024 Commerce Objective / Multiple Choice

Question 10 POST_UTME_SKYLINE_UNIVERSITY • 2024 • COMMERCE • objective

A bank's cash management system uses the float concept to manage its cash flows. What is the float concept?

Answer Options

Correct Answer A. The time difference between when a payment is made and when it is received

B. The difference between the bank's cash balance and its actual cash position

C. The interest earned on a bank's cash balance

D. The cost of maintaining a cash reserve

Correct Answer

Correct Option:

The time difference between when a payment is made and when it is received

About This Question

This is Post Utme Skyline University 2024 Commerce Question 10. It is one of the objective questions from the 2024 Post Utme Skyline University Commerce examination.

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