When a bank makes your monthly bill payments and manages your investment portfolio, this is known as

Name: When a bank makes your monthly bill payments and manages your investment portfolio, this is known as
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Question

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When a bank offers services such as handling bill payments and managing investment portfolios on behalf of a customer, it is called a trust service. This is because the bank acts as a trustee, managing the funds on behalf of the customer.

When a Bank Makes Your Monthly Bill Payments and Manages