________________ is the process by which ADIs agree on their payments system obligations whereas_________________ is the actual payment of ES funds.
A)DNS; RTGS
B)Clearing; settlement
C)DNS; settlement
D)Settlement; clearing
E)RTGS; settlement

Question

Quizplus · Accepted Answer

The process by which ADIs agree on their payments system obligations is called clearing, while the actual payment of ES funds is settlement. Therefore, option B, "Clearing; settlement" is the correct answer. Options A, C, D, and E are incorrect as they either include only one of the terms or have the terms in the wrong order.

________________ Is the Process by Which ADIs Agree on Their