Concept explainers
Which of the following is not true
Large Value Transfer System is an electronic, real time net settlement network |
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The Bank of Canada implements |
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LVTS and ACSS are operated by the Canadian Payments Association |
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The market for settlement balances is where overnight interest rate is determined |
Financial innovation has caused
banks to suffer declines in their cost advantages in acquiring funds, although it has not caused a decline in income advantages |
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banks to suffer a simultaneous decline of cost and income advantages |
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banks to suffer declines in their income advantages in acquiring funds, although it has not caused a decline in cost advantages |
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banks to achieve competitive advantages in both costs and income |
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