The Two Routes of Check Clearance Include the _____________ Settlement

Multiple Choice

The two routes of check clearance include the _____________ settlement, in which the transaction takes place entirely within a single Federal Reserve district, and the _____________ settlement, in which there are relationships between banks of two Federal Reserve districts.

A) interdistrict, intradistrict
B) intradistrict, interdistrict
C) Fed wire, District wire
D) District wire, Fed wire
E) none of the above