Distributed Ledger Technology Has Potential Uses in Payments, Clearing and Settlement

question 33

True/False

Distributed ledger technology has potential uses in payments, clearing and settlement activities due to potential efficiency gains from the technology.

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Definitions:

Fair Market Value

The price that property would sell for on the open market between a willing buyer and a willing seller.

Insure The House

Entering into a policy agreement with an insurance company to provide protection against damages or losses to one's home, typically against risks like fire, theft, or natural disasters.

Insurable Interest

A stake in the preservation of a subject against loss or damage, legally necessary for an individual to purchase insurance on a life or property.

Property Insurance

A type of insurance covering loss or damage to physical property through accidents, theft, or natural disasters.