Question

A wire to a financial institution that is not in the United States or a US territory is called:

(A) Domestic wire transfer
(B) International wire transfer
(C) Cash pickup wire
(D) PUPID wire

Answer 1

The correct answer is (B) International wire transfer. When sending money to a financial institution that is not in the United States or a US territory, it is considered an international wire transfer.

Step-by-step explanation:

The correct answer is (B) International wire transfer.

When sending money to a financial institution that is not in the United States or a US territory, it is considered an international wire transfer. This means that the transfer involves crossing international borders and typically requires additional documentation and fees.

For example, if you are sending money from the United States to a bank in Canada, it would be considered an international wire transfer.