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The inter bank indebtedness is settled at the 

Commerce
WAEC 2018

The inter bank indebtedness is settled at the 

  • A. clearing house
  • B. money market
  • C. discount house
  • D. stock exchange
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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NECO June/July 2024 - Get offline past questions & answers - Download objective & theory, all in one app 48789
Correct Answer: Option A
Explanation

A clearing house is an institution where cheques and other commercial papers drawn on member banks are cancelled against each other so that only net balances are payable


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NECO June/July 2024 - Get offline past questions & answers - Download objective & theory, all in one app 48789

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Join your school's WhatsApp group
NECO June/July 2024 - Get offline past questions & answers - Download objective & theory, all in one app 48789
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
Join your school's WhatsApp group
NECO June/July 2024 - Get offline past questions & answers - Download objective & theory, all in one app 48789