A transaction is an agreement between a buyer and seller to exchange an item or service for payment (whether this is cash, a payment order or another item).
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Q15: The netting of payments in the clearing
Q16: Debit cards allow customers additional time to
Q17: An example of a direct credit to
Q18: Charge cards are issued by banks to
Q19: Financial institutions such as banks hold funds
Q21: Real-time gross settlement operates during the business
Q22: RTGS clears payments and then places them
Q23: The RBA's intraday repurchase agreements facilitate the
Q24: The introduction of explicit fees for the
Q25: The Payments System Board's (PSB)reform of credit
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