The Automated Clearing Settlement System (ACSS) ________

question 54

Multiple Choice

The Automated Clearing Settlement System (ACSS) ________.

• A) is the core of the Canadian payments system
• B) is an electronic net settlement network designed to provide settlement to wholesale transactions
• C) is an electronic net settlement network designed to provide settlement to paper-based payment items
• D) A and B only.

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Definitions:

Provincial Governments

The governing bodies of provinces, responsible for administering provincial laws, policies, and services within their respective jurisdictions.

Section 92

Often referenced in legal texts, it might relate to a specific provision within a comprehensive statute, necessitating additional context to determine its exact nature.

Constitution Act, 1867

A foundational statute that established the federation of Canada, defining the structure of government, the judiciary, and the distribution of legislative powers between the federal and provincial levels.

Rule Of Law

An unwritten convention inherited from Britain that recognizes that although Parliament is supreme and can create any law considered appropriate, citizens are protected from the arbitrary actions of the government.