The Main Advantage of Using a Netting System to Settle

question 7

Multiple Choice

The main advantage of using a netting system to settle foreign currency payments is that it

• A)drastically reduces the number of payments.
• B)increases the number of payments.
• C)reduces the number of foreign currencies.
• D)None of these options are correct.

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Definitions:

Malpractice

Professional misconduct or failure to exercise adequate levels of care, skill, or diligence, resulting in harm to another.

Reasonable Person

A hypothetical individual used as a legal standard to determine the appropriateness of an action in light of what a typical person would deem reasonable under similar circumstances.

Duty Of Care

Duty of care refers to the legal obligation to ensure the safety or well-being of others while performing any acts that could foreseeably harm them.

Severity Of The Harm

An assessment of the extent of damage or injury inflicted, used in determining liability and damages in legal cases.