Economy, asked by lovelypranu5, 4 months ago

17. What is clearance house?

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Answered by Anonymous

Answer:

Clearing house funds are monies that pass from one bank to another through the clearing process of the Federal Reserve System. ... The three main electronic payment systems that manage clearing house funds are Fedwire, the Clearing House Interbank Payments Company (CHIPS), and the Automated Clearing House (ACH).

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