Banking and Payment Obligations
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Questions and Answers

What is the amount of money mentioned in the text?

  • £10 (correct)
  • £46
  • £25
  • £5

    • What is the purpose of the rules and regulations mentioned in the text?

  • To hinder payment obligations
  • To cancel payment obligations
  • To manage payment obligations owed to them (correct)
  • To facilitate payment obligations

    • What is the context of the discussion in the text?

  • Online banking
  • International banking
  • Personal banking (correct)
  • National banking

    • What is the format of the time mentioned in the text?

    <p>24-hour format</p> Signup and view all the answers

    What is the meaning of the phrase 'اضغط للعودة إلى الاجتماع' in the text?

    <p>Click to return to the meeting</p> Signup and view all the answers

    What is the objective of the system?

    <p>To meet the data communications and processing needs of the global financial community</p> Signup and view all the answers

    What is the full form of SWIFT?

    <p>Society for World Wide Interbank Financial Telecommunications</p> Signup and view all the answers

    What community does the system aim to support?

    <p>Global financial community</p> Signup and view all the answers

    What type of company is SWIFT?

    <p>Cooperative company</p> Signup and view all the answers

    What is the availability of the network?

    <p>24 hours a day, seven days a week throughout the year</p> Signup and view all the answers

    On which days is the network available?

    <p>Seven days a week</p> Signup and view all the answers

    How many financial institutions own SWIFT?

    <p>About 2000 financial institutions</p> Signup and view all the answers

    What kind of needs does the system aim to meet?

    <p>Data communications and processing needs</p> Signup and view all the answers

    What is the name of the international payments system?

    <p>The international payments system</p> Signup and view all the answers

    What is the scope of the system?

    <p>Global</p> Signup and view all the answers

    At what time is the network not available?

    <p>Never</p> Signup and view all the answers

    What sector does the system primarily serve?

    <p>Financial sector</p> Signup and view all the answers

    How many hours a day is the network available?

    <p>24 hours</p> Signup and view all the answers

    What is the purpose of SWIFT?

    <p>To facilitate international payments between financial institutions</p> Signup and view all the answers

    What is the total number of days the network is available in a year?

    <p>365 days</p> Signup and view all the answers

    What is the name of the international payments system mentioned?

    <p>DWIR</p> Signup and view all the answers

    What is the name of the system operated by the Federal Reserve for domestic transfer?

    <p>Fund isfer System</p> Signup and view all the answers

    What type of transfer is handled by the Fund isfer System?

    <p>Domestic</p> Signup and view all the answers

    Who operates the Fund isfer System?

    <p>The Federal Reserve</p> Signup and view all the answers

    What is the relationship between the Federal Reserve and the Fund isfer System?

    <p>The Federal Reserve operates the Fund isfer System</p> Signup and view all the answers

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