Which of the Following Is True

question 48

Multiple Choice

Which of the following is true?

• A) All banks must process all checks through the Federal Reserve System.
• B) All banks must process all "on them" checks through the Federal Reserve System.
• C) The Federal Reserve System includes at least one regional bank in each state.
• D) The Federal Reserve System is not permitted to charge a fee for is processing services.
• E) Some banks use private clearinghouses, instead of the Federal Reserve System, to process checks.

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Definitions:

Economical

Related to economy or economics, often involving the efficient use or management of resources to avoid waste and save costs.

Canadianization Movement

Efforts aimed at promoting Canadian identity, culture, and values, often in response to the influence of foreign cultures and media, primarily from the United States.

Radical Nature

Describes something fundamentally extreme or far-reaching in its impact or implications, often in a social, environmental, or political context.

Geography

The study of places, the relationships between people and their environments, and the spatial characteristics of Earth's surface.