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What does SWIFT stand for financial?
  1. Security for Worldwide International Financial Telecommunication
  2. Society for Worldwide Interbank Financial Telecommunication
  3. Service the Worldwide Interbank Financial Telecommunication
  4. None of these
  5. 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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