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Which of the following statements concerning alternative remittance systems is INCORRECT?
- A . The systems are not necessarily illegal.
B. Funds are sent and received without the use of traditional financial institutions.
C. The systems are characterized by a lack of physical or digital transfer of currency between payers and payees.
D. The ledgers used typically contain information regarding payers and payees, such as names and account numbers.
Suggested Answer: A
Posted : 17/11/2022 11:31 am