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BANKING AND MONETARY POLICY — Economics STD 12 Commerce — Question

Gujarat BoardEnglish MediumSTD 12 CommerceEconomicsBANKING AND MONETARY POLICY2 Marks
Question
How is transferring money through $NEFT$ and $RTGS$ possible?
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Answer

Transferring money through electronic medium $(NEFT$ and $RTGS)$ is possible because of $CORE$ banking i.e. Centralized Online Real Time Exchange.

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