Multiple choice technology testing

PASSIVA :This is an initiative for the european financial infrastructure involves the creation of a zone for the euro in which all electronic payments are considered domestic, and where a difference between national and intra-European cross border payments does not exist.

  1. SWIFT

  2. CSM

  3. SEPA

  4. BIC

  5. None of the above
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

SEPA (Single Euro Payments Area) is the European initiative that creates a zone where all electronic payments in euros are considered domestic, eliminating differences between national and cross-border payments. SWIFT is a messaging network, CSM is a service model, BIC is a bank identifier code.

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