Which of the Following Is NOT TRUE Concerning the Clearinghouse

question 72

Multiple Choice

Which of the following is NOT TRUE concerning The Clearinghouse 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.
• E)It makes available $3 billion each day to cover each day's payment transactions.

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Definitions:

Future Generations

Future cohorts of people who will live after the current generation and are considered in planning and policy discussions, especially concerning sustainability and environmental preservation.

Closed-loop

A system where the products, materials, or resources are recycled back into the process, minimizing waste and the need for new raw materials.

Returned Goods

Items that have been sold and later returned by the customer to the seller, usually due to issues like defects, dissatisfaction, or the wrong product being delivered.

Logistics Functions

The tasks involved in the planning, implementation, and control of the efficient, effective flow and storage of goods, services, and related information from point of origin to point of consumption.