⚡ Month End Offer is live - Get Flat 55% Off on All Courses • Grab it Now! Click Here 00:00:00 AM ⚡

    Question

    In international wire transfers, which role does a SWIFT

    Code play for the sender and the beneficiary?
    A It serves as a password for the transaction. Correct Answer Incorrect Answer
    B It ensures instant fund availability. Correct Answer Incorrect Answer
    C It identifies the sender's occupation. Correct Answer Incorrect Answer
    D It helps route the transfer to the correct bank and branch. Correct Answer Incorrect Answer

    Solution

    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.

    Practice Next
    More Accounts Questions
    ask-question