The Purpose of the Local Clearinghouses Established by Banks in the Early

question 327

Multiple Choice

The purpose of the local clearinghouses established by banks in the early 1900s was to:

• A)merge failing banks with healthy ones.
• B)facilitate the transfer of electronic funds between member banks.
• C)pool resources of several local banks so that the clearinghouse could guarantee a member's deposits in case of a bank run.
• D)help people who were unemployed find jobs.

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Definitions:

μATX

A specification for a smaller motherboard form factor, standing for Micro Advanced Technology Extended, providing less space for expansion but suitable for compact PC builds.

ITX

A motherboard form factor size that is smaller than ATX, the most common form factor. Comes in mini-ITX, nano-ITX, and pico-ITX sizes.

mITX

Mini-ITX, a small form factor motherboard and case specification, designed for compact and low-power consumer electronics and PCs.

Non-Volatile

Referring to memory storage that retains data even when the power is turned off, ensuring data preservation.