All of the Following Are False Except

All of the following are false except:

A) the mail float is caused by the time lapse from the moment a firm receives the check and begins to process it.
B) the processing float is caused by the time necessary for a bank to process the check.
C) the transit float is caused by the time lapse from the moment a customer mails a check until the firm begins to process it.
D) the disbursing float derives from the fact that funds remain in a firm's bank account until its payment check is cleared through the banking system.

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