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Question
With reference to settlement of funds, what does the term ‘Real Time’ signify in RTGS?
Options
Settlement after one hour
Settlement at a fixed time every day
Continuous processing and settlement
Settlement only during bank hours
MCQ
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Solution
Continuous processing and settlement
Explanation:
In RTGS (Real-Time Gross Settlement), the term ‘Real Time’ means that transactions are processed and settled immediately and continuously, without any waiting period. This ensures instant transfer of funds between banks during banking hours.
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