Expand the term SWIFT.

BANKING GENERAL KNOWLEDGE

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

A	Society for Worldwide International Financial Telecommunications
B	Society for Worldwide Interbank Financial Telecommunications
C	Society for Worldwide International Financial Transfers
D	Society for Worldwide Interbank Fiscal

Explanation:

Detailed explanation-1: -The full form of SWIFT is Society for Worldwide Interbank Financial Telecommunications. SWIFT is a member-owned cooperative that offers secure and safe money transfers for its representatives.

Detailed explanation-2: -Society for Worldwide Interbank Financial Telecommunications (SWIFT) is a member-owned cooperative that provides safe and secure financial transactions for its members.

Detailed explanation-3: -SWIFT is an acronym for the Society for Worldwide Interbank Financial Telecommunications and may also be referred to as a CIC code.

Detailed explanation-4: -Society for Worldwide Interbank Financial Telecommunications (SWIFT) provides a secure messaging system for financial transactions between participating banks. SWIFT serves 11, 000 financial institutions in over 200 countries and territories.

Detailed explanation-5: -SWIFT is a vast and secure messaging system that allows banks and other financial institutions from all around the world to send and receive encrypted information, namely cross-border money transfer instructions.

There is 1 question to complete.