Economics · Economy and Banking
In retail banking, when a bank distributes a third-party life insurance product to its customers and receives a commission, this activity is classified as:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Custodian service
- 2Investment banking service
- 3Third-party distribution agency business✓
- 4Proprietary product sale
Correct answer
Third-party distribution agency business
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