W.I.F.T. is used primarily for communications dealing with international funds transfers.
Correct Answer:
Verified
Q8: Electronic money is legal tender.
Q9: Electronic Data Capture (EDC) is used by
Q10: Seigniorage is a major component of the
Q11: Payments made over CHIPS have "finality."
Q12: Settlement risk involves credit risk, liquidity risk,
Q14: Electronic banking began in the United States
Q15: Retail electronic banking refers to
A) cash withdrawals
Q16: The most visible means of electronic banking
Q17: Most ATM systems today are
A) Part of
Q18: Electronic billing requires the billing firm to
A)
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