A customer with an account at 'Bank Alpha' uses their debit card to pay $50 to a merchant who has an account at 'Bank Beta'. To finalize this transaction between the two institutions, what is the direct effect on the accounts each bank holds at the central bank?
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A customer with an account at 'Bank Alpha' uses their debit card to pay $50 to a merchant who has an account at 'Bank Beta'. To finalize this transaction between the two institutions, what is the direct effect on the accounts each bank holds at the central bank?
A customer of 'Bank A' makes a digital payment to a supplier who banks with 'Bank B'. Arrange the following events in the correct chronological order to show how this transaction is settled between the two banks.
Interbank Settlement Failure Analysis
The Dual Transfer in Interbank Payments