[amp_mcq option1=”Exchequer” option2=”Clearing house” option3=”Bank” option4=”Commerce” correct=”option2″]
The correct answer is B. Clearing house.
A clearing house is a place where banks exchange cheques and adjust balances. It is a financial institution that facilitates the exchange of payments between banks. Clearing houses are used to reduce the risk of fraud and to improve the efficiency of the banking system.
Exchequer is a government department responsible for collecting taxes and managing the national debt. Commerce is the activity of buying and selling goods and services.