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© 2014 Pearson Canada Inc.#
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
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
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