In the U.S.,large-value electronic payments are made through:
I.Fedwire;
II.ACH;
III.CHIPS

Question

Quizplus · Accepted Answer

Fedwire and CHIPS are both used for large-value electronic payments in the US. Fedwire is a real-time gross settlement system operated by the Federal Reserve Banks, while CHIPS (Clearing House Interbank Payments System) is a private sector system operated by The Clearing House. ACH (Automated Clearing House) is primarily used for smaller transactions, such as direct deposit of paychecks and bill payments.

In the U.S.,large-Value Electronic Payments Are Made Through