What does SWIFT stand for financial?
Correct answer: B. Society for Worldwide Interbank Financial Telecommunication
- A. Security for Worldwide International Financial Telecommunication
- B. Society for Worldwide Interbank Financial Telecommunication
- C. Service the Worldwide Interbank Financial Telecommunication
- D. None of these
Explanation
SWIFT expands to Society for Worldwide Interbank Financial Telecommunication, the secure messaging network used by financial institutions. The words “Security” and “Service” in the other options are the trap.
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Abbreviations covers the full forms and meanings of shortened names used in science, medicine, technology, education, government, finance, law, communication and international affairs. It includes initials, acronyms and standard symbols, with attention to similar abbreviations whose meanings change according to their professional or institutional context.
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