Fiduciary Responsibilities
3 Questions
0 Views

Choose a study mode

Play Quiz
Study Flashcards
Spaced Repetition
Chat to lesson

Podcast

Play an AI-generated podcast conversation about this lesson

Questions and Answers

Which of the following best describes the relationship between banks and their clients?

  • A legal relationship
  • A contractual relationship
  • A fiduciary relationship (correct)
  • A financial relationship
  • What is the supreme responsibility of banks in their relationship with customers?

  • Protecting customers' deposits (correct)
  • Providing financial advice
  • Ensuring fast and efficient service
  • Offering competitive interest rates
  • What would be considered a violation of the fiduciary relationship between banks and their clients?

  • Maintaining secrecy about customers
  • Providing favors to certain clients (correct)
  • Impartial and non-discriminatory dealings
  • Ensuring utmost good faith and due diligence
  • More Like This

    Use Quizgecko on...
    Browser
    Browser