The Clearing House Automated Payment System Is Also Known as

question 31

Multiple Choice

The Clearing House Automated Payment System is also known as

• A) FedWire.
• B) CHIPS.
• C) CHAPS.
• D) EFT.

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Definitions:

Profit Responsibility

The accountability for achieving financial gain and managing resources effectively within an organization.

Owners

Individuals or entities that legally possess something, holding the rights to control and benefit from it.

Stockholders

Individuals or entities that own shares in a corporation, giving them partial ownership and possibly the right to vote on corporate matters.

Profit Responsibility

An organization's focus or obligation to achieve financial gain for its stakeholders or owners.