Some of the Services Provided Around the Clock by SWIFT

question 49

Multiple Choice

Some of the services provided around the clock by SWIFT are

• A) international payments between banks.
• B) foreign exchange.
• C) trade finance transactions.
• D) All of the options are true.

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Definitions:

Depreciation

An accounting method of allocating the cost of a tangible asset over its useful life.

Long Service Leave

An employee benefit that provides paid leave for long-term service, specific to certain countries like Australia.

Income Tax Expense

The total amount of income tax a company is obligated to pay, determined by applying the applicable tax rate to the taxable income for a period.

Tax Rate Change

An adjustment to the rate at which earnings or transactions are taxed, imposed by governmental taxing authorities.