Multiple Choice
On Fedwire,daylight overdraft
A) is a bank's positive intraday balance in its reserve account at the Fed.
B) does not occur under the current payments system.
C) invites a fee is 50 basis points,quoted as an annual rate on the basis of a 24-hour day.
D) has a seasonal component.
Correct Answer:
Verified
Correct Answer:
Verified
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