Question

In the agency function of acting as trustee or executor, the bank is legally required to:

• A. Use the trust assets for its own operational purposes
• B. Manage the trust assets strictly in the best interest of the beneficiaries
• C. Transfer the trust assets to shareholders after five years
• D. Guarantee returns on the trust investments

Answer 1

Answer:

B. Manage the trust assets strictly in the best interest of the beneficiaries

.