This network was set up to provide banks with a means of handling inter-bank transactions including bank transfers and foreign exchange confirmations:

Question

Quizplus · Accepted Answer

SWIFT (Society for Worldwide Interbank Financial Telecommunication) is a network set up specifically for handling inter-bank transactions including bank transfers and foreign exchange confirmations. The other options (JUST, EDI, LOC) do not have the same focus or purpose as SWIFT.

This Network Was Set Up to Provide Banks with a Means