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 (D)</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 (A)</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 (D)</p> Signup and view all the answers

What is the full form of SWIFT?

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

What community does the system aim to support?

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

What type of company is SWIFT?

<p>Cooperative company (C)</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 (B)</p> Signup and view all the answers

On which days is the network available?

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

How many financial institutions own SWIFT?

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

What kind of needs does the system aim to meet?

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

What is the name of the international payments system?

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

What is the scope of the system?

<p>Global (A)</p> Signup and view all the answers

At what time is the network not available?

<p>Never (A)</p> Signup and view all the answers

What sector does the system primarily serve?

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

How many hours a day is the network available?

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

What is the purpose of SWIFT?

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

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

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

What is the name of the international payments system mentioned?

<p>DWIR (A)</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 (C)</p> Signup and view all the answers

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

<p>Domestic (A)</p> Signup and view all the answers

Who operates the Fund isfer System?

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

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