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    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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