A[n] ________ is an institution created to facilitate the exchange of checks and drafts drawn by banks on one another,as well as to enable banks to settle their daily balances.

Question

Quizplus · Accepted Answer

A)A clearinghouse is an institution created to facilitate banks in their exchange of
checks and drafts drawn on one another,as well as to enable banks to settle their daily balances.
B)A clearinghouse is an institution created to facilitate banks in their exchange of checks and drafts drawn on one another,as well as to enable banks to settle their daily balances.
C)A clearinghouse is an institution created to facilitate banks in their exchange of checks and drafts drawn on one another,as well as to enable banks to settle their daily balances.
D)A clearinghouse is an institution created to facilitate banks in their exchange of checks and drafts drawn on one another,as well as to enable banks to settle their daily balances.
E)A clearinghouse is an institution created to facilitate banks in their exchange of checks and drafts drawn on one another,as well as to enable banks to settle their daily balances.
Page Ref: 637
Topic: Accepting Deposits

A[n] ________ Is an Institution Created to Facilitate the Exchange