Payment on cash items cleared through the Federal Reserve is a. made upon receipt of the items. b. always made ... never delayed more than two business days. d. made when the items reach the institution on which they were drawn. ... banks in another Federal Reserve district, half of which is collected in 2 days and half of which is collected in 3 days, Fed float is a ... greatest direct benefit to households is a. point of sale transfer systems. c. credit cards. b. automatic clearing houses. danbsp;...
|Title||:||Instructor's manual with tests [to accompany] The U.S. financial system|
|Author||:||Cynthia M. Latta, George G. Kaufman|