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Questions and Answers
What is a part of managing Bank Account Management (BAM)?
What is a part of managing Bank Account Management (BAM)?
- Issuing credit cards to customers
- Conducting market research for the business
- Managing interrelationships among accounts (correct)
- Handling insurance claims for the business
What does Bank Account Management (BAM) involve?
What does Bank Account Management (BAM) involve?
- Managing customer relationships for a financial institution
- Negotiating loan agreements for business accounts
- Handling regulatory reporting and compliance for financial institutions
- Opening, closing, or modifying business accounts with a financial institution (correct)
What is a familiar concept to treasurers in Bank Account Management (BAM)?
What is a familiar concept to treasurers in Bank Account Management (BAM)?
- KYC (Know Your Customer) (correct)
- Retail banking
- Credit scoring
- Financial derivatives
Why do banks need to know their customers and the customers of those customers?
Why do banks need to know their customers and the customers of those customers?
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What is included in Bank Account Management (BAM) according to the text?
What is included in Bank Account Management (BAM) according to the text?
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