The Clearing House Interbank Payment System (CHIPS)is:
A)the largest publicly operated payments system in the world.
B)owned and operated by the world's seven largest central banks.
C)a computerized network that connects banks globally.
D)none of the above

Question

Quizplus · Accepted Answer

The Clearing House Interbank Payment System (CHIPS) is a computerized network that connects banks globally, allowing for the efficient processing of high-value, time-sensitive payments between financial institutions. It is not publicly operated or owned/operated by central banks.