Clearinghouses: Difference between revisions
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Clearinghouses are | Clearinghouses are institutions ensuring multilateral settlement of bank obligations which help to stabilize and unify the banking system. All of them evolve gradually as a product of human actions. | ||
Latest revision as of 04:55, 5 December 2006
Clearinghouses are institutions ensuring multilateral settlement of bank obligations which help to stabilize and unify the banking system. All of them evolve gradually as a product of human actions.
