The increasing use of direct entries has resulted in a decline in the usage of cheques.
Correct Answer:
Verified
Q26: Banks prefer to hold their liquid assets
Q27: Banks earn no interest on their exchange
Q28: During the GFC, the banking system reduced
Q29: In the 'early morning' RTGS session, ADIs
Q30: On days when the RBA makes payments
Q32: Electronic payment instructions have become the most
Q33: Payments by the RBA increase aggregate exchange
Q34: Banks in Australia are subject to a
Q35: Contagion risk refers to a domino effect
Q36: Credit and debit cards have become the
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents