Payment and Settlement Instructions Should Be Passed

question 74

Multiple Choice

Payment and settlement instructions should be passed:

• A) As quickly as possible.
• B) Within 24 hours of the transaction.
• C) Setore 10:00 am on the value date.
• D) Betore close of business on the transaction date.

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Definitions:

Quantities

The amount or number of a material or immaterial good considered as a unit or in discrete portions.

Industrialized Countries

Nations with significant industrial activity, high levels of income per capita, and widespread infrastructure.

Paasche Index

Amount of money at current-year prices that an individual requires to purchase a current bundle of goods and services divided by the cost of purchasing the same bundle in a base year.

Nominal Income

The amount of money received in a specified period before adjusting for inflation.