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  3. Study Set
    Money and Capital Markets
  4. Exam
    Exam 11: Commercial Banks, Major Corporations, and Federal Credit Agencies in the Money Market
  5. Question
    A Check Exchanged Between Two Banks in the Same City
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A Check Exchanged Between Two Banks in the Same City

Question 67

Question 67

True/False

A check exchanged between two banks in the same city and cleared through the local clearinghouse is referred to as "same-day money".

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