Which of the following reduces the costs involved with the Federal Reserve's check-clearing role?

Question

Quizplus · Accepted Answer

An increase in the use of debit cards reduces the need for physical checks to be cleared by the Federal Reserve, which reduces costs involved with the check-clearing role. This is because debit card transactions are electronic and do not require physical transportation and processing of paper checks. A decrease in the use of the barter system, a reduction in the Fed's discount rate, or an increase in the reserve requirement would not have a direct impact on the costs involved with the Federal Reserve's check-clearing role.

Which of the Following Reduces the Costs Involved with the Federal