Question

    What does a SWIFT Code primarily identify in international banking transactions?

    A The account holder's personal identification number (PIN). Correct Answer Incorrect Answer
    B The country and location of a bank or financial institution. Correct Answer Incorrect Answer
    C The currency exchange rate for a specific transaction. Correct Answer Incorrect Answer
    D The beneficiary's date of birth. Correct Answer Incorrect Answer

    Solution

    A SWIFT Code primarily identifies the country and location of a bank or financial institution, helping to route international financial transactions accurately.

    Practice Next
    ×
    ×