The Large Value Transfer System (LVTS)________.
A) was introduced on February 4, 1999
B) is the core of the Canadian payments system
C) is an electronic net settlement network designed to provide settlement to paper-based payments items
D) Only A and B of the above.

Question

Quizplus · Accepted Answer

The Large Value Transfer System (LVTS) was introduced on February 4, 1999 and is the core of the Canadian payments system. It is an electronic net settlement network, but it is not designed to provide settlement to paper-based payments items. Therefore, options A and B are correct, but option C is not. Hence, the correct answer is D.