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Sagot :
Option C is correct. The Fed clears inter-bank payments. This is also called Inter Banking Clearing.
Interbank clearing and settlement networks permit banks to settle USD installments in no less than a day and global installments in two days or less. Wire moves cost somewhere in the range of $25 and $50 per individual exchange, which is more costly than ACH installments, yet wire moves additionally endure interbank clearing and settlement networks quicker, second to Real-Time Payments (RTP) payments between banks in the US.
The significance of sped up in worldwide and homegrown cash development is difficult to misjudge. As well as helping productivity, intraday settlements support security by killing the gamble of delaying over the course of the end of the week or night to handle time-delicate exchanges. As most organizations require personality confirmation and are completely observed for extortion, interbank clearing and repayment networks offer a protected and dependable method for moving cash
Know more about Fed's Inter Banking Clearing System - https://brainly.com/question/13084954
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