Question
What role does the Federal Reserve play in the U.S. payments system? ( Select all that apply; three of the answers below are correct .)
What role does the Federal Reserve play in the U.S. payments system? (Select all that apply; three of the answers below are correct.)
References: The Federal Reserve, Overview of the US Payment SystemLinks to an external site. articles
Group of answer choices
settling large fund transfers between banks through Fedwire
settling cryptocurrency transactions on the "Etherium" network
operating the SWIFT network, which facilitates international payment messaging between banks
processing electronic payments through the Automated Clearing House (ACH) network
settling large fund transfers between banks on the The Clearing House Interbank Payment System (CHIPS)
processing & clearing checks
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