As at 2013, different payment systems exist for the settlement of retail and wholesale payment instructions in Australia.The wholesale payment system:
A)is, in total, of less daily value than retail payment system
B)settles on a real-time gross settlement basis
C)settles more transactions than the retail payment system
D)is used for all large transactions.
E)All of these.

Question

Quizplus · Accepted Answer

The statement "settles on a real-time gross settlement basis" is the only true statement about the wholesale payment system. The other statements are either false or cannot be determined from the information given.

As at 2013, Different Payment Systems Exist for the Settlement