The number of checks the U.S. Federal Reserve System processes has remained constant, but commercial automated clearinghouse (ACH) volume has increased significantly.

Question

Quizplus · Accepted Answer

The number of checks processed by the U.S. Federal Reserve System has significantly decreased over the years due to the rise of electronic payments and banking technologies, while commercial automated clearinghouse (ACH) volume has indeed increased, reflecting a shift towards electronic transactions.

The Number of Checks the U