1. Inauguration of the SWIFT system of electronic interbank fund transfers worldwide— 1985
  2. Conclusion of the Uruguay Round of GATT - 1994
  3. Inauguration of the World Trade Organization - 1995
  4. Establishment of the first wholly electronic stock exchange (Nasdaq) - 1971
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Option 1 : Inauguration of the SWIFT system of electronic interbank fund transfers worldwide— 1985

  • Inauguration of the SWIFT system of electronic interbank fund transfers worldwide was done in 1973 and not in 1985.
  • Society for Worldwide Interbank Financial Telecommunication (SWIFT) allows the banks and financial institutions to send and receive details about financial transactions worldwide in a secure and reliable environment.
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