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  3. Financial Institutions Markets and Money
  4. Quiz 13: Commercial Bank Operations

Banks Generate Revenue from Credit Cards from All the Following

Question 47
Multiple Choice

Banks generate revenue from credit cards from all the following except A) merchant discount fees B) sale of credit cards C) annual fees from credit card customers D) interest from credit card balances

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Which of the following describes bank trust operations? A) Trust operations involve banks acting in a fiduciary capacity B) Smaller banks tend to offer trust services through correspondent relationships C) A large portion of bank trust assets are managed for pension funds D) all of the above
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