a commodity market
an import licensing centre
another name for the Lagos stock exchange
an insurance and underwriting centre
a cheque sorting centre
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Discussions (19)
am always getting the lowest mark in economics, i dont no what to read to catch up with other subjects
In May 1961 the central Bank launched the Lagos Bankers Clearing House, which provided licensed banks a framework in which to exchange and clear checks rapidly.source-wikipedia
I don't agree with this answer its should be D
Thanks for your contributions. Correction has been made, the correct answer is E.
I think the answer is E, not D or B, bcoz from what i read; the lagos clearin house was launched to provide licenced banks a frame work in which to exchange and clear checks rapidly' in other words it was established to exchange and clear cheques that are given from different banks, quickly!
The Lagos Clearing House is primarily involved in the clearing and sorting of cheques and other payment instruments in the banking system. It is an essential part of the process for the efficient transfer of funds between financial institutions in Nigeria.
with regards to commerce d correct answer is E-cheque sorting centre but I dnt if dere is anoda meaning for clearing house in economics if dere is pls tell us ooooo
