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    Exam 17: Technology and Other Operational Risks
  5. Question
    Funds Transferred on the Clearinghouse Internet Payment System (CHIPS) Are
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Funds Transferred on the Clearinghouse Internet Payment System (CHIPS) Are

Question 96

Question 96

True/False

Funds transferred on the Clearinghouse Internet Payment System (CHIPS) are settled at the end of the day rather than intra-day as with the Fedwire system.

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