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    Business Law and the Regulation of Business Study Set 2
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    Exam 27: Bank Deposits Collections and Funds Transfers
  5. Question
    An Association of Banks and Other Payors Whose Members Settle
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An Association of Banks and Other Payors Whose Members Settle

Question 1

Question 1

Multiple Choice

An association of banks and other payors whose members settle accounts with each other on a daily basis is a:


A) payor banking group.
B) clearinghouse.
C) provisional reserve.
D) credit union.

Correct Answer:

verifed

Verified

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