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CTP · Question #804
CTP Question #804: Real Exam Question with Answer & Explanation
The correct answer is D. Clearing House for Interbank Payment Systems. See the full explanation below for the reasoning.
Question
- (Topic 9) A New York company wishes to use its treasury management system to send US funds to its London UK subsidiary. Which one of the following enables the same day settlement of funds transfer?
Options
- AAutomated Clearing House
- BCorrespondent accounts with the Federal Reserve
- CBankers Automated Clearing Service
- DClearing House for Interbank Payment Systems
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