explain the functions of rtgs(real time gross settlement)
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a. Immediate transfer of money from customer of one bank to customer of another bank
b. Immediate transfer of money from customer of one bank to customer of another branch within the same bank
c. Immediate transfer of money from customer of one bank to customer of another country
d. Immediate transfer of money from customer of one bank to customer of RBI
ANSWER: Immediate transfer of money from customer of one bank to customer of another bank
Real Time Gross Settlement Systems are specialist fund transfer systems where transfer of money takes place on "real time" and on "gross basis"
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