As at 2013, Different Payment Systems Exist for the Settlement

question 27

Multiple Choice

As at 2013, different payment systems exist for the settlement of retail and wholesale payment instructions in Australia.The wholesale payment system:

• A)is, in total, of less daily value than retail payment system
• B)settles on a real-time gross settlement basis
• C)settles more transactions than the retail payment system
• D)is used for all large transactions.
• E)All of these.

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