Which of the following describes the place over which the bank-to-bank transfers are conducted within the United States?
A) Lockbox system
B) Concentration banking
C) Wire transfers
D) Fedwire

Question

Quizplus · Accepted Answer

Fedwire is the real-time gross settlement system of the United States, facilitating the transfer of funds between banks on behalf of the banks' customers.

Which of the Following Describes the Place Over Which the Bank-To-Bank