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Question
SWIFT is a global _____ transfer system
Loan
Document
Fund
Software
None of these
ANSWER : 3
Descrption
<p>The Society for Worldwide Interbank Financial Telecommunication (SWIFT), legally S.W.I.F.T. SCRL, provides a network that enables financial institutions worldwide to send and receive information about financial transactions in a secure, standardized and reliable environment.</p> <p>SWIFT also sells software and services to financial institutions, much of it for use on the SWIFTNet network, and ISO 9362 Business Identifier Codes (BICs, previously Bank Identifier Codes), popularly known as "SWIFT codes".</p>
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