Question

The bank’s general utility function of acting as a trustee requires it to:

• A. The bank’s general utility function of acting as a trustee requires it to:
• B. Manage assets with a fiduciary duty to beneficiaries
• C. Grant loans secured by trust assets
• D. Negotiate trade agreements on behalf of customers

Answer 1

Answer:

B. Manage assets with a fiduciary duty to beneficiaries

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