The Overnight Delay in the Settlement of Retail Payments Between

question 45

True/False

The overnight delay in the settlement of retail payments between ADIs poses settlement risk.

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Definitions:

Legal Business

Activities that are conducted within the boundaries of the law.

Civil Service System

A merit-based selection system for government employees excluding military and political appointments, aimed at ensuring competence and impartiality.

Politics

The activities associated with governance, or the debate and conflict among individuals or parties having or hoping to achieve power.

Pendleton Act

A federal law enacted in 1883 that established that positions within the federal government should be awarded on the basis of merit instead of political affiliation.