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Questions and Answers
What is the purpose of a corporate account?
What is the purpose of a corporate account?
- To create personal savings plans
- To provide investment advice to individuals
- To offer mortgage services to employees
- To manage business finances and transactions (correct)
What distinguishes a corporate account from a personal account?
What distinguishes a corporate account from a personal account?
- It provides tax-free investment options
- It allows unlimited cash withdrawals
- It is used for business-related transactions (correct)
- It offers higher interest rates on savings
Who typically has the authority to manage a corporate account?
Who typically has the authority to manage a corporate account?
- Individual shareholders
- Any employee with a bank account
- External consultants
- Authorized company representatives (correct)
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