Question

What does S stands for in Real Time Gross ____ (RTGS)?

A Settlement Correct Answer Incorrect Answer
B Secure Correct Answer Incorrect Answer
C Service Correct Answer Incorrect Answer
D Supreme Correct Answer Incorrect Answer

Solution

An instant transfer of money or securities from one bank to another bank on a real time or gross basis. Real time is when there is no waiting period. Gross time settlement is transaction is settled on a one to one basis without any other transaction.

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