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Questions and Answers
What does Bank Account Management (BAM) encompass?
What does Bank Account Management (BAM) encompass?
- Opening, closing, or modifying business accounts with a financial institution (correct)
- Negotiating mortgage agreements
- Providing investment advice to clients
- Managing personal savings accounts
What is a key aspect of Bank Account Management (BAM) for treasurers?
What is a key aspect of Bank Account Management (BAM) for treasurers?
- Issuing credit cards to employees
- Handling payroll for the company
- Providing mortgage loans to customers
- Managing the interrelationships among accounts (correct)
What is a familiar concept to treasurers in the context of Bank Account Management?
What is a familiar concept to treasurers in the context of Bank Account Management?
- Cryptocurrency mining
- Real estate investment
- KYC (Know Your Customer) (correct)
- Stock market trading
What is a part of the challenge in Bank Account Management for banks?
What is a part of the challenge in Bank Account Management for banks?
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What is not addressed by companies in their approach to Bank Account Management (BAM)?
What is not addressed by companies in their approach to Bank Account Management (BAM)?
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