Bank Account Management Quiz
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Questions and Answers

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?

  • 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)?

  • 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?

    <p>To protect against money laundering and the financing of terrorism</p> Signup and view all the answers

    What is included in Bank Account Management (BAM) according to the text?

    <p>Negotiation and management of account services and fees</p> Signup and view all the answers

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