Under the Canadian federal law, the institution that is in charge of inter-bank cheque system is called:

Question

Quizplus · Accepted Answer

The Canadian Payments Association is responsible for the clearing and settlement of payments made between banks in Canada, including the inter-bank cheque system. The Canadian Financial Association is not an actual institution and the Canadian Banking Association focuses on advocacy for the banking industry rather than payment systems. The Canadian Chartered Banks Association also does not exist.

Under the Canadian Federal Law, the Institution That Is in Charge