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The First Step in Initiating an Evaluated Receipts Settlement (ERS)

Question 145

Multiple Choice

The first step in initiating an Evaluated Receipts Settlement (ERS) transaction is the _______.


A) contract, which may be the only "electronic" element in the process.
B) payment, which may be the only "paperwork" in the process.
C) contract, which may be the only "paperwork" in the process.
D) payment, which may be the only "electronic" element in the process.

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