What does SWIFT stand for financial?
- Security for Worldwide International Financial Telecommunication
- Society for Worldwide Interbank Financial Telecommunication
- Service the Worldwide Interbank Financial Telecommunication
- None of these
- All of these
Explanation
SWIFT is a messaging system that allows banks around the globe to securely and quickly communicate about cross-border payments.
SWIFT has about 11,000 member banks in 200 countries/territories.
Founded: 1973
Headquarters: Belgium
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