RTGS in Nigerian payment systems is BEST suited for:
ASmall retail payments
BLarge-value time-critical inter-bank settlementsCORRECT
CStanding orders only
DUSSD transfers
CIBNBanking Principles
AI
Toaster Teacher
Why the answer is B, and why the others tempt you.
Real-Time Gross Settlement (RTGS) is for high-value, urgent transfers, settled individually in real time.
Want this in Pidgin, Yoruba, Igbo or Hausa? Sign up free →
Practice more Banking Principles questions
CIBN Banking Principles has thousands more questions like this — with Worked answers on every one.