The Continuous Linked Settlement System (CLS) Links with the Real-Time

question 5

True/False

The Continuous Linked Settlement system (CLS) links with the Real-Time Gross Settlement (RTGS) systems and is expected to eventually result in same-day settlement rather than the current two-day settlement required for foreign exchange spot market transactions.

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Definitions:

Psychogenic Needs

Psychological desires or requirements that motivate individuals to act in certain ways, often described in terms of satisfaction and emotional well-being.

Personality

The combination of characteristics or qualities that form an individual's distinctive character, often considered in psychology as patterns of thought, feeling, and behavior.

Henry Murray

An American psychologist who co-developed the Thematic Apperception Test (TAT) and advanced the theory of needs, emphasizing psychogenic needs in personality.

Trait Approach

A perspective in psychology that focuses on the identification and measurement of stable characteristics that differentiate individuals.