The Large Value Transfer System (LVTS) ________

question 95

Multiple Choice

The Large Value Transfer System (LVTS) ________.

• A) was introduced on February 4, 1999
• B) is the core of the Canadian payments system
• C) is an electronic net settlement network designed to provide settlement to paper-based payments items
• D) A and B only.

---

Definitions:

Protective Tariff

A tax imposed on imports to protect domestic industries from foreign competition by making imported goods more expensive.

Democrats

Members or supporters of the Democratic Party, one of the two major contemporary political parties in the United States, traditionally associated with progressive policies.

Gilded Age

denotes a period in late 19th-century America, characterized by rapid economic growth, industrialization, and ostentatious displays of wealth, alongside widespread social and political corruption.

Political Parties

Political parties are organized groups of people with similar political ideologies and objectives that compete in elections to hold power in government.