IIA
IIA-CFSA · Question #327
Banks that performs variety of services for other bank, e.g. they make emergency loans to banks that are short of cash and clear cheques that are drawn and paid out by different banks are called:
The correct answer is C. Federal Reserve Banks. See the full explanation below for the reasoning.
Question
Banks that performs variety of services for other bank, e.g. they make emergency loans to banks that are short of cash and clear cheques that are drawn and paid out by different banks are called:
Options
- BRegional Banks
- CFederal Reserve Banks
- DCredit unions
How the community answered
(14 responses)- B7% (1)
- C79% (11)
- D14% (2)
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