Watches over, keeps
Is it correct to understand in this context "watches over" as supervisor?
and for "keeps their own transactional history" it means to record?
Thanks for your help.
When banks make transfers between themselves, another institution watches over them and keeps their own transactional history and balances. every operation is over washed by a central bank that belongs to an international site of central banks and organizations that keep Ledgers of central banks.
Top answer
Is it correct to understand in this context "watches over" as supervisor supervises ? <<< Yes and for " keeps their own transactional history" it means to record records ? <<<<Yes There are some errors in the text below.
- Is it correct to understand in this context "watches over" as supervisor supervises ?
- <<< Yes and for " keeps their own transactional history" it means to record records ?
- <<<<Yes There are some errors in the text below.
- I've marked them in bold.
- When banks make transfers between themselves, another institution watches over them and keeps their own transactional history and balances.
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Is it correct to understand in this context "watches over" as supervisor supervises? <<< Yes
and for "keeps their own transactional history" it means to record records?<<<<Yes
There are some errors in the text below. I've marked them in bold.
When banks make transfers between themselv
0Yes, your understanding is correct. "Keeps" also implies that the record is owned by the supervising institution. The records are in some place that is controlled or owned by the supervising institution.
If I "keep a list" of something, then I am recording that and owning the record where it is written.
The use of "over washed" is incorrect. I think they meant "overwatched". To me,
0
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