In relation to the payments system the huge number of low-value transactions is:

Question

Quizplus · Accepted Answer

The huge number of low-value transactions is netted and settled at the end of each day. This means that the payments are combined and settled collectively rather than individually, reducing the number of transactions that need to be processed and improving efficiency. Real-time gross settlement is typically reserved for high-value transactions, settled immediately by banks' settlement accounts at the Reserve Bank of Australia. Austraclear is a separate system used for the settlement of securities rather than payments.

In Relation to the Payments System the Huge Number of Low-Value