Agency services rendered by a bank to its customers as their agent include:
A)Receipt of deposits
B)Act as executors of wills
C)Issue letters of credit
D)Purchase foreign exchange

Question

Quizplus · Accepted Answer

Banks act as agents for their customers by performing services such as acting as executors of wills, which involves managing and distributing a deceased person's estate according to their will.

Agency Services Rendered by a Bank to Its Customers as Their