The Federal Reserve's Fedwire system is used mainly to provide:
A) a means for foreign banks to transfer funds to U.S. banks.
B) an inexpensive and reliable way for financial institutions to transfer funds to one another.
C) an inexpensive way for individuals to pay their bills on-line.
D) a means for the Treasury to collect tax payments.
Correct Answer:
Verified
Q6: Which of the following statements is true?
A)
Q7: The primary objective of most central banks
Q8: In 2015, the average daily volume on
Q9: One monopoly that modern central banks have
Q10: The number of central banks that exist
Q12: In the U.S. the authority to issue
Q13: The central bank in the United States
Q14: In its role as the bankers' bank,
Q15: Central banks often find:
A) they can efficiently
Q16: The central bank has the ability to
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