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AFP CTP Question # 278 Topic 28 Discussion

CTP Exam Topic 28 Question 278 Discussion:
Question #: 278
Topic #: 28

The ACH system eliminates float because the:
A.

transactions are value-dated.

B.

transactions are initiated electronically.

C.

receiving and originating institutions settle simultaneously.

D.

Fed charges back the cost of float.

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Actual exam question for AFP CTP exam by Orin99140 at May 4, 2026, 5:38:22 AM

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