Question

What does a SWIFT Code primarily identify in international banking transactions?

A The account holder's personal identification number (PIN). Correct Answer Incorrect Answer
B The country and location of a bank or financial institution. Correct Answer Incorrect Answer
C The currency exchange rate for a specific transaction. Correct Answer Incorrect Answer
D The beneficiary's date of birth. Correct Answer Incorrect Answer

Solution

A SWIFT Code primarily identifies the country and location of a bank or financial institution, helping to route international financial transactions accurately.

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