The ________ is a network linking over 9,000 banks with the Federal Reserve that is used to transfer deposits and make loan payments between participants.

Question

Quizplus · Accepted Answer

The description matches the Fedwire network, which is used for high-value transactions between banks and enables real-time gross settlements. The other options listed are different types of networks used for different purposes (e.g. ACH for low-value transactions, NASDAQ for securities trading).

The ________ Is a Network Linking Over 9,000 Banks with the Federal