Checks may be cleared by:
A) the Federal Reserve
B) savings & loans
C) Credit Unions
D) the Treasury

Name: Checks may be cleared by: A) the Federal Reserve B) savings & loans C) Credit Unions D) the Treasury
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Question

Quizplus · Accepted Answer

The Federal Reserve is responsible for clearing checks and ensuring the transfer of funds between banks. Savings & loans, credit unions, and the Treasury may be involved in banking and financial transactions, but they do not primarily handle the clearing of checks.

Checks May Be Cleared By