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    Question

    What is 'Float' in

    banking?┬а
    A The money a bank keeps in the vault. Correct Answer Incorrect Answer
    B Money in transit between two institutions during the clearing process. Correct Answer Incorrect Answer
    C The interest rate on a savings account. Correct Answer Incorrect Answer
    D The value of the bank's stock. Correct Answer Incorrect Answer
    E The amount of gold held by the RBI. Correct Answer Incorrect Answer

    Solution

    Float refers to money that is counted in two systems simultaneously due to delays in processing checks or transfers.

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