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

C. clearing house

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.