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Question

Which one of the following is not features of the Real Time Gross Settlement (RTGS) ?

A
Payments are settled transaction by transaction
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B
Settlement if funds is revocable
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C
Settlement is done in real time
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D
It is a fully secured system which uses digital signatures and public key encryption for sale and secure message transmission
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Solution

The correct option is B Settlement if funds is revocable
In the Real Time Gross Settlement ( RTGS) system, the settlement of funds is not revocable.

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