Which of the Following Statements Regarding Real-Time Gross Settlement (RTGS)is

question 36

Multiple Choice

Which of the following statements regarding real-time gross settlement (RTGS) is incorrect?

• A) High-value payment transactions that are settled immediately require transfer of the monies held in settlement accounts of the respective banks at the Reserve Bank.
• B) The aim of RTGS is to minimise potential systematic risk.
• C) High-value transactions are those involving more than $100 000.
• D) RITS and Austraclear are the two providers recognised by the Australian Reserve Bank as providers of RTGS.

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Definitions:

Prosocially

Acting in a way that is beneficial to others or society as a whole.

Piliavin

A reference to Irving Piliavin, a social psychologist known for his research on prosocial behavior, including the bystander effect.

Prosocial Behaviour

Actions intended to benefit others, including behaviors like helping, sharing, and comforting.

Self-Interest

The pursuit of personal advantage, benefit, or well-being, often regarded as a primary motivator in human behavior.