Which of the following is NOT TRUE concerning The Clearing House Internet Payment System (CHIPS) ?
A) It has similar intra-day net payment flows as Fedwire.
B) It does not charge explicit fees for intraday overdrafts.
C) It is a privately operated payments network.
D) It allows users end the day with an overdraft,but only for two consecutive days in a row.
Correct Answer:
Verified
Q76: As of December 2014, which of the
Q88: Which of the following observations is NOT
Q90: Which of the following is NOT a
Q91: Technological advances and the ability to access
Q92: On Fedwire,daylight overdraft
A)is a bank's positive intraday
Q92: Which of the following observations concerning e-money
Q94: As of December 2014,which of the following
Q95: Why has empirical evidence on economies of
Q96: Suppose that the doubling of a bank's
Q97: Which of the following is NOT a
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents