Question

Which of the following is the Federal Reserve's desired characteristic of a payment system? Select one:...

Which of the following is the Federal Reserve's desired characteristic of a payment system?

Select one:

Divisibility

Insecurity

Effective collaboration among participants

Durability

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Answer #1

ANS. Federal Reserve desired characteristics of a payment system include Divisibility because In a federation, there should be clear division of powers so that the units and the centre are required to enact and legislate within their sphere of activity and none violates its limits and tries to encroach upon the functions of others. This requisite is evident in the Indian Constitution.

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