36. Which of the following statements is true about the processing time for a wire transfer?
a) It is typically longer for international transfers compared to domestic transfers
b) It is typically longer for transfers initiated in person at a bank branch compared to online transfers
c) It is typically shorter for transfers initiated in person at a bank branch compared to online transfers
d) It is the same regardless of the amount being remitted or the distance between the sender and recipient
37. Which of the following methods of remittance is commonly used for small transactions within the same country?
a) Wire transfer
b) Demand draft
c) Cashier’s check
d) Money order
38. True or False: Money orders can be purchased using a debit card.
39. Which of the following is a disadvantage of using a demand draft for remittance?
a) Higher transaction fees compared to other methods
b) Longer processing time compared to other methods
c) Limited acceptability outside of the country of issue
d) Higher risk of loss or theft compared to other methods
40. True or False: The recipient of a wire transfer should provide their bank account details to the sender.
