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单词 federal reserve float
释义 federal reserve float

Fictitious money created when a Federal Reserve Bank credits an account in another bank with the value of a cheque before it has collected payment from the paying bank. A float is not created when the transaction involves a paying bank in the same city as the Federal Reserve Bank. Processing and transport delays cause the creation of most floats.

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更新时间:2025/2/2 12:17:39