Ace the Canadian Securities Course (CSC) Level 1 in 2026 – Get Ready to Rock Your Finance Future!

Question: 1 / 400

What is the Large Value Transfer System?

A system for transferring personal bank funds to investment accounts

An international payment service for large corporations

An electronic system allowing transactions between financial institutions

The Large Value Transfer System is an electronic system that enables the transfer of large sums of money between financial institutions. It is a key component of the financial infrastructure in Canada, facilitating the efficient and secure settlement of high-value payments. This system helps ensure that payments are processed smoothly and that financial institutions can exchange funds reliably and promptly.

Get further explanation with Examzify DeepDiveBeta

A government program to support small businesses

Next Question

Report this question

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy