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QUESTION 10 What does clearing houses do? Help banks to clear sums due to each other arising from checks, notes, loans, and other banking Activities

QUESTION 10

What does clearing houses do?

"Help banks to clear sums due to each other arising from checks, notes, loans, and other banking Activities "

"Help corporations to clear sums due to each other arising from checks, notes, loans, and other banking activities"

"Help non-for profit to clear sums due to each other arising from checks, notes, loans, and other banking activities"

"Help micro lenders to clear sums due to each other arising from checks, notes, loans, and other banking activitiesi"

QUESTION 12

What is the 3-6-3 rule?

"Bankers lending funds at 3%, playing golf by 6pm and lending at 3%"

"Bankers taking deposits at 3%, lending them at 6% and playing golf at 3pm (A)"

"Bankers taking deposits at 3%, lending them at 3% and playing golf at 6pm"

"Bankers taking deposits at 6%, lending them at 3% and playing golf at 3pm"

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