Question

In international wire transfers, which role does a SWIFT

Q: Answer-In international wire transfers, which role does a SWIFT Code play for the sender and the beneficiar...

A SWIFT Code is used to help route the international wire transfer to the correct bank and branch, ensuring that the funds reach the intended beneficiary accurately.

Code play for the sender and the beneficiary?

A It serves as a password for the transaction.

B It ensures instant fund availability.

C It identifies the sender's occupation.

D It helps route the transfer to the correct bank and branch.

Practice Next

More Accounts Questions

Which of the following algorithms is most commonly used in Operating Systems for deadlock prevention?
In C, which function is used to release dynamically allocated memory?
In C, what will be the output of the following code?

int a = 5;

printf("%d", a++);
Which Java keyword is used to inherit a class?
In C++, which feature allows hiding the internal details of a class?
Which of the following is the primary benefit of Big Data analytics in decision-making?
Which of the following is used to declare a list in Python?
In Java, which method is used to start a thread?
Which Python keyword is used to handle exceptions?
In Python, which of the following is immutable?

In international wire transfers, which role does a SWIFT

Solution