Which Of The Following Federal Laws Made Transactions Between Banks Significantly More Efficient?

(Correct Answer Below)

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Which Of The Following Federal Laws Made Transactions Between Banks Significantly More Efficient?

A) the Check Clearing for the 21st Century Act B) the Bank Secrecy Act C) the USA Patriot Act D) the Federal Reserve Act E) the Economic Emergency Recovery Act
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Answer: A Explanation: A) It made electronic clearing of checks legal. See pages 275-6.

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