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Which type of payment system is designed to handle both low value retail payments and large value payments related to inter-bank transactions?
  • a)
    Inter-Bank Cheques Clearing Systems
  • b)
    Electronic Clearing System
  • c)
    Real Time Gross Settlement System
  • d)
    High Value Cheques Clearing System
Correct answer is option 'A'. Can you explain this answer?
Most Upvoted Answer
Which type of payment system is designed to handle both low value reta...
Inter-Bank Cheques Clearing Systems handle both low value retail payments and large value payments related to inter-bank transactions, including the clearing of high value customer cheques.
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Which type of payment system is designed to handle both low value retail payments and large value payments related to inter-bank transactions?a)Inter-Bank Cheques Clearing Systemsb)Electronic Clearing Systemc)Real Time Gross Settlement Systemd)High Value Cheques Clearing SystemCorrect answer is option 'A'. Can you explain this answer?
Question Description
Which type of payment system is designed to handle both low value retail payments and large value payments related to inter-bank transactions?a)Inter-Bank Cheques Clearing Systemsb)Electronic Clearing Systemc)Real Time Gross Settlement Systemd)High Value Cheques Clearing SystemCorrect answer is option 'A'. Can you explain this answer? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about Which type of payment system is designed to handle both low value retail payments and large value payments related to inter-bank transactions?a)Inter-Bank Cheques Clearing Systemsb)Electronic Clearing Systemc)Real Time Gross Settlement Systemd)High Value Cheques Clearing SystemCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which type of payment system is designed to handle both low value retail payments and large value payments related to inter-bank transactions?a)Inter-Bank Cheques Clearing Systemsb)Electronic Clearing Systemc)Real Time Gross Settlement Systemd)High Value Cheques Clearing SystemCorrect answer is option 'A'. Can you explain this answer?.
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