Which of these refers to an entity that processes checks and electronic fund transfers for banks and other financial organizations?

Question

Quizplus · Accepted Answer

A clearinghouse is an entity that processes checks and electronic fund transfers for banks and other financial organizations. Credit unions and thrifts are types of financial institutions that offer banking services, but they do not necessarily process checks and electronic fund transfers. Trade unions are organizations that represent workers in a particular industry or profession.

Which of These Refers to an Entity That Processes Checks