Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

the process of setting claims against each other by netting and the exchange of cheques or other payments items that document claims is referred to

the process of setting claims against each other by netting and the exchange of cheques or other payments items that document claims is referred to as the
a. clearing system
b. valuing system
c. cleaning system
d. banking system

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Numerical Techniques In Finance

Authors: Simon Benninga

1st Edition

0262022869, 978-0262022866

More Books

Students also viewed these Finance questions

Question

LOQ 13-11: How can group interaction enable groupthink?

Answered: 1 week ago