A Service Provided Around the Clock by SWIFT Is

question 61

Multiple Choice

A service provided around the clock by SWIFT is

• A) international payments between banks.
• B) foreign exchange.
• C) trade finance transactions.
• D) all of the other answers are correct

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Definitions:

Quantity Supplied

The total quantity of goods or services that businesses are ready and willing to sell at a designated price for a fixed period.

Productive Efficiency

A situation where a firm or economy cannot produce more of one good without reducing the output of another good, indicating optimal production levels.

Production Possibilities Curve

A curve showing the different combinations of two goods or services that can be produced in a full-employment, full-production economy where the available supplies of resources and technology are fixed.

Government-Mandated

Regulations or requirements imposed by governmental bodies that must be followed by individuals, businesses, or other organizations.