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Managing the financial affairs and property of individuals and business firms fall under the type of...

Managing the financial affairs and property of individuals and business firms fall under the type of banking service line known as cash management.

True or false and explain why?

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Answer #1

False. Managing the financial affairs and property of individuals and business firms fall under the type of banking service line known as individual or personal banking service.

Cash management is a function of the bank where in it manages the cash of the bank i.e. either through ATM services or cash at branches.

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