If your monthly mortgage is $987.85, are you likelier to make your payments by

Fedwire

ACH

If Robert writes a check to Acme Corp., what is the likely path his check will take?

Robert to Acme to the Federal Reserve Bank to Acme's bank to Robert's bank

Robert to Acme to Acme's bank to the Federal Reserve to Robert's bank

Robert to Acme to Robert's bank to the Federal Reserve to Acme's bank

Robert to Acme to Acme's bank to Robert's bank

Robert to Acme to Acme's bank to the Federal Reserve to the U.S. Treasury to Robert's bank

How does Fedwire transfer money?

by truck

by boat

by computer

by mail

by pony

If a company in California wishes to send money electronically to a company in Virginia, which combination of institutions are likely to be involved?

2 banks, 2 feds, and the Treasury

2 banks and 1 fed

2 banks and 2 feds

1 bank and 2 feds

Social Security benefits are transferred via

Fedwire.

ACH.