the economics of money, banking, and financial markets

508 #

© 2014 Pearson Canada Inc.#

10. 
    

    Multilateral netting is ____.
    A) the netting of the credit or debit position of each participant vis-à-vis all other participants
    B) an electronic net settlement network designed to provide settlement to paper-based payment
    items
    C) the netting of the forward position of LVTS participants
    D) None of the above.
    Answer: A
    Diff: 1 Type: MC Page Ref: 405
    Skill: Recall
    Objective List: 17.1 Characterize the framework for the implementation of monetary policy in
    Canada

    
    


11. 
    

    The Automated Clearing Settlement System (ACSS) ____.
    A) is the core of the Canadian payments system
    B) is an electronic net settlement network designed to provide settlement to wholesale
    transactions
    C) is an electronic net settlement network designed to provide settlement to paper-based payment
    items
    D) Only A and B of the above.
    Answer: C
    Diff: 1 Type: MC Page Ref: 405
    Skill: Recall
    Objective List: 17.1 Characterize the framework for the implementation of monetary policy in
    Canada

    
    


12. 
    

    The ACSS is operated by the ____.
    A) Canadian Payments Association
    B) Bank of Canada
    C) Ministry of Finance
    D) LVTS
    Answer: A
    Diff: 2 Type: MC Page Ref: 405
    Skill: Recall
    Objective List: 17.1 Characterize the framework for the implementation of monetary policy in
    Canada