DBS bank has formed a special department to attract investments from wealthy individuals.The new department aims to obtain accounts that maintain a minimum balance of $20,000 or more.It also aims to offer premium credit cards and asset management services to such individuals.This is an example of ________.

Question

Quizplus · Accepted Answer

A)Private banking is a range of banking services for high-net-worth (that is, wealthy)individuals and families, such as managing real estate and other investments, setting up trust funds, and planning philanthropic giving. The new department is engaged in private banking.
B)Private banking is a range of banking services for high-net-worth (that is, wealthy)individuals and families, such as managing real estate and other investments, setting up trust funds, and planning philanthropic giving. The new department is engaged in private banking.
C)Private banking is a range of banking services for high-net-worth (that is, wealthy)individuals and families, such as managing real estate and other investments, setting up trust funds, and planning philanthropic giving. The new department is engaged in private banking.
D)Private banking is a range of banking services for high-net-worth (that is, wealthy)individuals and families, such as managing real estate and other investments, setting up trust funds, and planning philanthropic giving. The new department is engaged in private banking.
E)Private banking is a range of banking services for high-net-worth (that is, wealthy)individuals and families, such as managing real estate and other investments, setting up trust funds, and planning philanthropic giving. The new department is engaged in private banking.

DBS Bank Has Formed a Special Department to Attract Investments