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Banking Relations

Find the corr...

Question

Find the correct pair for each of the following types of bank relationships.

A

Bank & customers

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B

Debtors & creditors

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C

Trust & beneficiary

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Solution

A general relationship covers primary and subsidiary relationships between banks and customers, whereas a special relationship is based on the secrecy of information and honouring bank cheques. Based on this, the correct matches are:

Primary: Debtors and creditors

Subsidiary: Trust and beneficiaries

Special: Bank and customers

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