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CTP · Question #444
CTP Question #444: Real Exam Question with Answer & Explanation
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Question
- (Topic 5) When considering Fedwire, ACH and CHIPS as 3 different payment systems, which of the following applies only to Fedwire?
Options
- AReal-time intraday net settlement of transactions.
- BCompany sends request of transfer directly to its bank.
- CSettlement is final when receiving bank is notified of transfer.
- DEach bank member funds an account maintained at the Fed.
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