Banking · Payment and Settlement Systems
Arrange the following payment and funds transfer mechanisms in increasing order of their settlement delay or deferment, starting from immediate processing, moving to hourly batching, and finally to a monthly billing cycle: A. National Electronic Funds Transfer (NEFT) B. Credit Cards C. Immediate Payment Service (IMPS) Choose the correct answer from the options given below:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1C, B, A
- 2B, A, C
- 3A, C, B
- 4C, A, B✓
Correct answer
C, A, B
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