Finance School of management Clearing and Settling payments A financial system provides an efficient payments system to facilitate the exchange of goods, services and assets Traveling abroad The development of checks, credit cards, and electronic funds transfer uesTc 1818 Finance School of Management Clearing and Settling Payments ❖ A financial system provides an efficient payments system to facilitate the exchange of goods, services, and assets. – Traveling abroad – The development of checks, credit cards, and electronic funds transfer