…........is a place where inter bank claims arising on account of cheques received for collection by each bank drawn against other banks are settled.
A)investment house
B)issuehouse
C)bankers clearing house
D)none of these

Question

Quizplus · Accepted Answer

A bankers clearing house is where interbank claims, due to cheques received for collection by each bank drawn against other banks, are settled. This system allows for the efficient processing and clearing of cheques between banks.

…Is a Place Where Inter Bank Claims Arising on Account