Real Time Gross Settlement System means a payment system in which$?

Question

TuteeHUB · Accepted Answer

final transaction takes place at the end of the day

TuteeHUB · Answer

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

TuteeHUB · Answer

final payment is physically effected within 24 hours

TuteeHUB · Answer

final settlement of funds take place at 3 PM daily

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

Discussion