Question: When an ACH payment is cleared by the private-sector operator in the previous question, the operator calculates the net amounts owed to or due from

When an ACH payment is cleared by the private-sector operator in the previous question, the operator calculates the net amounts owed to or due from each bank and submits the total to _____ for settlement. (BLJ, p. 49; Kindle, 868) (Ch. 4--ACH Settlement) A. Visa or MasterCard B. SWIFT C. the Treasury Department D. the Federal Reserve

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