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Distinguish Between the Settlement of Transactions and the Settlement of Payment

question 26

Essay

Distinguish between the settlement of transactions and the settlement of payment instructions.Provide an overview of the scale of payments instructions in Australia and explain how these instructions are settled.


Definitions:

Sensitive

Pertaining to something that requires careful handling due to its potential to cause a reaction or damage under certain conditions.

Ten-Year Period

A duration of ten years used as a measurement of time for planning, analysis, or investment purposes.

Price Elasticity

A measure of how the quantity demanded of a good is affected by a change in its price.

Inelastic

A characteristic of demand when consumers' purchase quantities are not significantly affected by changes in the price of a good or service.

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