BFN 111 Theory Questions: The Benefits of NACS (Nigeria Automated Clearing System) – Explained Simply

100 Level Department of Banking And Finance exam questions and detailed answers. Download the answers in document format. Correct, detailed, and straightforward answers.

Questions:

• Before the introduction of NACS, the bank clearing system was characterized by stress, time wasting, and manual analytical computations. Explain the benefits of NACS to your friend in another department.

CLICK THE LINK TO DOWNLOAD THE DETAILED ANSWER