Banks settle their indebtedness in the
...Banks settle their indebtedness in the
discount house
stock exchange market
commercial bank
clearing house
Correct answer is D
A clearing house is a bankers' establishment where cheques and bills from member banks are exchanged, so that only the balances need be paid in cash.
The taking over by state of ownership and control of certain business enterprises is known as? ...
The process of passing information from one person to another in an organization is known as ...
The bank that discount bills of exchange is the? ...
A licensed person who is authorized to sell to the highest bidder is ...
Profit that is expressed as a percentage of the cost of goods sold is remark-upferred to as ...
The goods that are used for the production of other goods are known as ...
Which of the following is a function of NIPOST? ...