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Question 59 (1.4 points) A customer of Bank A ordrs payment to Bank B, but Bank

ID: 1152106 • Letter: Q

Question

Question 59 (1.4 points) A customer of Bank A ordrs payment to Bank B, but Bank A does not have sufficient reserves on hand to make payment. Which of the following methods would NOT be used to make payment? Fed credits B and debits A, for settlement at the end of the day. Clearinghouse credits B and debits A for settlement at the end of the day. Rejection of the payment order. Bank A borrows from Bank B by issuing a correspondent balance to the credit of Bank B. Save Question 60 (1.4 points) BD If there are five goods in a barter economy, one needs to know ten prices in order to exchange one good for another. If, however, there are ten goods in a barter economy, then one needs to know prices in order to exchange one good for another

Explanation / Answer

Answer:

59) A customer of Bank A orders payment to Bank B. but Bank A does not have sufficient reserves on hand to make payment. Which of the following methods would NOT be used to make payment.

Option b is correct answer

60) If there are five goods in a barter economy, one needs to know ten prices in order to exchange one good for another. If, however, there are ten goods in a barter economy, then one needs to know prices in order to exchange one good for another.

Option a is correct answer

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