The largest nationwide processor of "transit checks" that move between different banks is the
A) U.S. Treasury
B) Securities and Exchange Commission
C) Comptroller of the Currency
D) Federal Reserve

Question

Quizplus · Accepted Answer

The Federal Reserve acts as the central banking system of the United States and is responsible for various banking services, including the processing of transit checks that move between different banks. This role is part of its function to ensure the stability and integrity of the nation's monetary and financial system.

The Largest Nationwide Processor of "Transit Checks" That Move Between