Certification Exam Practice Test for
Students.
U.S Treasury
Department.
1. If a person makes a deposit of $10,000 or more
into a bank account, the bank but notify the?
2. A blank endorsement on a check? Creates a check that
can be cashed by
anyone.
3. A person is depositing $20 in cash & a check for $50. On List the
cash deposit sep-
the checking account deposit slip, the person arately from the check as
should? well as the total of the
de- posit.
4. Employees prefer direct deposits because? The money is generally
deposited in their
check- ing account
sooner than it would be
if they had to de- posit
it in person.
5. The term used to describe the ease and speed Liquidity.
with which you can convert savings or an
investment to cash is?
6. Which of the following is considered to be open- Department store
end credit? charge cards.
7. When a person brings an item to a pawnshop to obtain A
collateralized loan.
1/
7
, Certification Exam Practice Test for
Students.
cash, the transaction is considered?
8. To qualify for a Federal Housing Administration loan, a Fulfill
income guidelines.
person must generally?
9. What is meant by an uncollateralized loan? A personal loan without
assets to cover the loan
amount.
2/
7
Students.
U.S Treasury
Department.
1. If a person makes a deposit of $10,000 or more
into a bank account, the bank but notify the?
2. A blank endorsement on a check? Creates a check that
can be cashed by
anyone.
3. A person is depositing $20 in cash & a check for $50. On List the
cash deposit sep-
the checking account deposit slip, the person arately from the check as
should? well as the total of the
de- posit.
4. Employees prefer direct deposits because? The money is generally
deposited in their
check- ing account
sooner than it would be
if they had to de- posit
it in person.
5. The term used to describe the ease and speed Liquidity.
with which you can convert savings or an
investment to cash is?
6. Which of the following is considered to be open- Department store
end credit? charge cards.
7. When a person brings an item to a pawnshop to obtain A
collateralized loan.
1/
7
, Certification Exam Practice Test for
Students.
cash, the transaction is considered?
8. To qualify for a Federal Housing Administration loan, a Fulfill
income guidelines.
person must generally?
9. What is meant by an uncollateralized loan? A personal loan without
assets to cover the loan
amount.
2/
7
