The place where bankers meet daily to exchange cheques drawn on each other is known as
-
A.
capital market -
B.
money market -
C.
clearing house -
D.
discount houses
Correct Answer: Option C
Explanation
The Clearing House is a central place or office where the representatives of all the banks in a particular area meet and exchange cheques and other instruments which ensures that a payee receives the full value of a cheque or standing order.