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Business Studies

e-Banking

Funds that ar...

Question

Funds that are moved from one to another account in 'real-time', this is known as ____________________________.

A

national electronic fund transfer

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B

real-time gross settlement.

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C

immediate payment services

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D

none of the above

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Solution

The correct option is B
real-time gross settlement.

Funds that are moved from one to another account in 'real-time', this is known as real-time gross settlement.

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