The payment order processing system for inter-ADI payments is the Reserve Bank's Information and Transfer System.
Correct Answer:
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Q1: The Reserve Bank of Australia is responsible
Q2: All payment instructions are settled on a
Q4: The clearing of retail payment orders refers
Q5: Payments in the retail payment system can
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'.
Q11: The overnight delay in the settlement of
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