Multiple Choice
Which of the following statements regarding real-time gross settlement (RTGS) is incorrect?
A) High-value payment transactions that are settled immediately require transfer of the monies held in settlement accounts of the respective banks at the Reserve Bank.
B) The aim of RTGS is to minimise potential systematic risk.
C) High-value transactions are those involving more than $100 000.
D) RITS and Austraclear are the two providers recognised by the Australian Reserve Bank as providers of RTGS.
Correct Answer:
Verified
Correct Answer:
Verified
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