Corporate Accounts Quiz
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Questions and Answers

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?

  • 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?

  • Individual shareholders
  • Any employee with a bank account
  • External consultants
  • Authorized company representatives (correct)
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