Maria Salvador from Dallas sighed as she wrote a check for her last payment to a Houston jeweler from whom she had bought a beautiful diamond. She anticipated that it would take four to five days for the check to reach the jeweler and for him to deposit it and another two or three days for the check to clear through the

Question

Quizplus · Accepted Answer

The Federal Reserve System is responsible for the clearing of checks and other payments in the United States, which includes the process of moving funds from the payer's bank to the recipient's bank.

Maria Salvador from Dallas Sighed as She Wrote a Check