Question

Wire Services must be able to see the funds in the account before a wire can be sent:

A) True
B) False

Answer 1

Wire services must be able to see the funds in the account before a wire can be sent.

Step-by-step explanation:

The statement provided is true. Wire services, such as banks or financial institutions, require verification of funds before initiating a wire transfer.

This is essential to ensure that the sender has sufficient funds in their account to complete the transaction.