Question 31 (1 point) Which of the following is statements is NOT TRUE? O The Bank of Canada and all chartered banks operating in Canada are required to be members of the CPA. Only large chartered banks operating in Canada are required to be members of the CPA but not Trust companies or other depository institutions. The ACSS is where smaller payments are settled in Canada. The Canadian payments system refers to the system through which banks and other depository institutions make payments to each other to settle transactions by their customers. O The LVTS facilitates electronic transfer of large Canadian dollar payments across the country between financial institutions (mainly chartered banks) and their customers