Solved

_____ in a Bank Wire Transfer, Which of the Following

Question 74

Multiple Choice

_____ In a bank wire transfer, which of the following occurs?


A) Currency physically changes hands between the banks involved when the wire transfer occurs.
B) Currency is physically moved between countries by the banks involved at the wire transfer date.
C) The result is that the two banks involved create a payable and receivable between each other.
D) Both b and c.
E) Both a and b.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents