Real Time Gross Settlement System means a payment system in which

Question

TuteeHUB · Accepted Answer

inal transaction takes place at the end of the day

TuteeHUB · Answer

oth processing and final settlement of funds transfer instructions can take place continuously

TuteeHUB · Answer

inal payment is physically effected within 24 hours

TuteeHUB · Answer

inal settlement of funds take place at 3 PM daily

1.	Real Time Gross Settlement System means a payment system in which
A.	oth processing and final settlement of funds transfer instructions can take place continuously
B.	inal transaction takes place at the end of the day
C.	inal payment is physically effected within 24 hours
D.	inal settlement of funds take place at 3 PM daily
Answer» B. inal transaction takes place at the end of the day

Discussion