Which of the Following Statements Is NOT True About the Wholesale

question 93

Multiple Choice

Which of the following statements is NOT true about the wholesale payments system?

• A)It has very few participants compared to the retail system.
• B)The main participants are banks and dealers.
• C)Transactions are settled on a deferred net settlement basis.
• D)It transfers funds between exchange settlement accounts of the payer and the payee.
• E)It mainly settles financial markets transactions.

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Definitions:

Brainstem

The oldest part and central core of the brain, beginning where the spinal cord swells as it enters the skull; the brainstem is responsible for automatic survival functions.

Medulla

The base of the brainstem; controls heartbeat and breathing.

Visual Cortex

The part of the cerebral cortex involved in processing visual information, located in the occipital lobe of the brain.

Thalamus

The brain’s sensory switchboard, located on top of the brainstem; it directs messages to the sensory receiving areas in the cortex and transmits replies to the cerebellum and medulla.