A bank which manages the investment portfolio and pays the bills of an elderly customer who is unable to do it for him or herself is carrying out the __________ of banks.
A) intermediation role
B) payment role
C) guarantor role
D) agency role
E) policy role
Correct Answer:
Verified
Q50: According to the textbook,traditional banking may be
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Q52: J.C.Penney,and Sears provided are among leading firms
Q53: The phenomenon of convergence refers to:
A)financial service
Q54: Which of the following types of banks
Q56: The view that depositors hire banks to
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Q58: Banks have now expanded their service offerings
Q59: Banks perform the indispensable task of:
A)creating money
Q60: Banks which offer virtually all financial services
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