The overnight delay in the settlement of retail payments between ADIs poses settlement risk.
Correct Answer:
Verified
Q6: Providers of payment services process payment instructions
Q7: In value terms, the payments system's major
Q8: Verification of a payment instruction's authorisation is
Q9: Retail payments can be defined as payments
Q10: We are fast becoming a 'cashless society'.
Q12: Barter is a system of exchange in
Q13: A cheque deposited into your ADI account
Q14: A cheque's BSB number identifies the bank
Q15: The netting of payments in the clearing
Q16: Debit cards allow customers additional time to
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