The modern system of central banks that facilitates exchanges of cash, checks, and credit is called the

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Quizplus · Accepted Answer

The question is asking about the modern system of central banks that facilitates exchanges of cash, checks, and credit. The only option that fits this description is the Federal Reserve System. The Bank of the United States no longer exists, the Central Banking Administration is not a real organization, Washington Mutual Bank is a specific bank and not a system of central banks, and the Department of the Treasury is involved in financial policy but is not responsible for exchanges of cash, checks, and credit.

The Modern System of Central Banks That Facilitates Exchanges of Cash