22. In the previous question, the payment can be cleared by the bank of deposit sending the check to (Kohn, p. 203) A. a correspondent bank B. a local clearinghouse C. the Federal Reserve D. any of the above FIN 369 Keeton Fall 2022 the 23. If United Missouri Bank and Commerce Bank do not have accounts at the same correspondent bank, the payment will most likely be settled by the Federal Reserve reserve account of Commerce Bank and the reserve account of United Missouri Bank. (Remember that crediting an account means adding to it, and debiting an account means taking away from it.) (Kohn, p. 203) A. debiting; debiting B. debiting; crediting C. crediting; debiting D. crediting; crediting I 24. According to Kohn (p. 204), which of the following are methods that have been used in the U.S or other countries to reduce the burden of bounced checks on merchants and/or consumers? 1. Check guarantee cards. 2. Overdraft facilities. 3. Automatic transfers from savings accounts to checking accounts. A. 1 only B. 2 only C. 2 and 3 D. 1, 2 and 3