Settlement Risk on Wire Transfers Involves Intraday Credit Risk

question 91

True/False

Settlement risk on wire transfers involves intraday credit risk.

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Definitions:

Sales

The total amount of revenue generated by the selling of goods or services.

Sales Invoice

A document issued by a seller to a buyer that lists products or services provided and states the sum due for these.

Credit

An accounting entry that increases liabilities or equity or decreases an asset or expense.