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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
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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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