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Retail Banking Industry And Processes MCQs

What does the term "Netting" mean?

Bringing in new customers to a bank

Paying interest on an outstanding loan

Combining an individual's bank accounts into one

The offsetting with a counterparty or counterparties of financial obligations or payments one owes with those one is entitled to receive

Answer

Correct Answer: The offsetting with a counterparty or counterparties of financial obligations or payments one owes with those one is entitled to receive

Explanation:

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