The place where bankers meet daily to exchange cheques dr...
The place where bankers meet daily to exchange cheques drawn on each other is known as
capital market
money market
clearing house
discount houses
Correct answer is C
The Clearing House is a central place or office where the representatives of all the banks in a particular area meet and exchange cheques and other instruments which ensures that a payee receives the full value of a cheque or standing order.
Which of the following economic unions is made up of countries in West Africa only? ...
C.O.D transactions are associated with ...
An economic activity which deals with natural resources is a form of? ...
A group of companies is a collection of? ...
The comprehensive import supervision scheme was set up by the federal government in order to ...
Which of the following is mostly used in Nigeria for setting business transactions? ...
A form of money that has gone out of use is? ...
Which of the following advertising medium appeals to only the literate in the society ...
The setting of objectives for an organization and determining how to accomplish them is? ...