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A nationwide electronic funds transfer network which enables participating banks/financial institutions to distribute electronic credit and debit entries to bank accounts and to settle such entries is termed as _____?

A nationwide electronic funds transfer network which enables participating banks/financial institutions to distribute electronic credit and debit entries to bank accounts and to settle such entries is termed as _____?

ایک ملک گیر الیکٹرانک فنڈز ٹرانسفر نیٹ ورک جو حصہ لینے والے بینکوں/مالیاتی اداروں کو بینک اکاؤنٹس میں الیکٹرانک کریڈٹ اور ڈیبٹ اندراجات تقسیم کرنے اور اس طرح کے اندراجات کو طے کرنے کے قابل بناتا ہے اسے _____ کہا جاتا ہے؟
Explanation
  • A clearing house facilitates electronic fund transfers, settlement of payments, and check clearing between banks.
  • It ensures smooth financial transactions by managing interbank transfers and settlements.