In the context of wire transfers, who are Regulated Entities (RE)?

(a) Financial institutions that receive wire transfers

(b) Financial institutions that initiate wire transfers on behalf of the originator

(c) the person who initiates the wire transfer

(d) the person who receives the wire transfer

S5. Ans.(b)

Sol. Ordering regulated entities (REs) are financial institutions that initiate wire transfers on behalf of the originator.

Take Mock Tests

Government Schemes Mock Test Start Test!
Political Science Mock Test – 42 Start Test
History Test – 190 Start Test
Quantitative Aptitude Test Start Test!
Data Interpretation - Mock Test Start Test!
General Awareness - Mock Test Start Test!
Reasoning Ability - Mock Test Start Test!
We will be happy to hear your thoughts

Leave a reply

Gkseries.com
Logo
Register New Account