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Banks settle their indebtedness in the

Banks settle their indebtedness in the
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
  • A Discount house
  • B Stock exchange market
  • C Commercial bank
  • D Clearing house
Correct Answer: Option D
Explanation:
A clearing house is a bankers' establishment where cheques and bills from member banks are exchanged, so that only the balances need be paid in cash.

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