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QUESTION 5. (a) One key consideration banks assess before opening an account for a prospective...

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Accounting

QUESTION 5.
(a) One key consideration banks assess before opening an account for a prospective customer is capacity.
Explain in detail why it is important that banks consider capacity of the individual in opening accounts
for them. [8 MARKS]
(b) Mention at least 4 parties and explain why they lack capacity to open and operate an account at a bank

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