Which of the Following Is NOT TRUE Concerning the Clearing

question 59

Multiple Choice

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.

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Definitions:

Digital Means

Refers to methods or processes that use digital technologies or electronic tools.

Conversational Exchanges

The interactive communication between two or more parties where ideas, information, or feelings are shared verbally.

Emotional Nuances

Subtle variations in emotional expression or response that can significantly affect the interpretation of communication.

Informal Email

A casual form of electronic communication that is not bound by the strict conventions of formal emails.