Most Australian shops accept payments via EFTPOS but not by cheque.What advantages does EFTPOS (and other electronic instruments)have over cheques for the shopkeeper? What are the advantages for the customer?
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Q56: A personal identification number (PIN):
A)authorises the transaction
B)verifies
Q57: Which retail payment mechanism has experienced the
Q58: Which payment mechanism allows organisations to make
Q59: Which payment mechanism is pre-authorised and verified?
A)Direct
Q60: As at 2013, different payment systems exist
Q62: Planned changes to the settlement of retail
Q63: Briefly describe the two broad categories of
Q64: Explain why institutions have exchange settlement accounts
Q65: An ADI that requires additional exchange settlement
Q66: Contagion (within the payments system)is NOT:
A)likely
B)serious
C)the collapse
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