Frb Samenvattingen, Aantekeningen en Examens

National Check Payments Certification (NCP) Exam Questions & Answers 2024 What is the purpose of Reg CC - ANSWERSTo implement to Expedited Funds Availability Act and the Check 21 What did Check 21 Act do - ANSWERSFaciliate check truncation by authorizing substitue checks, Foster innovation in the check collection system without madating receipt of checks in electronic form, Improve the overall efficiency of the Nations Payments system. What is the purpose of the FFIEC? - ANSWERSPrescr...

What is the purpose of Reg CC - Answer To implement to Expedited Funds Availability Act and the Check 21 What did Check 21 Act do - Answer Faciliate check truncation by authorizing substitue checks, Foster innovation in the check collection system without madating receipt of checks in electronic form, Improve the overall efficiency of the Nations Payments system. What is the purpose of the FFIEC? - Answer Prescribe uniform principles, standards, and report forms for the federal exami...

What is the purpose of Reg CC - To implement to Expedited Funds Availability Act and the Check 21 What did Check 21 Act do - Faciliate check truncation by authorizing substitue checks, Foster innovation in the check collection system without madating receipt of checks in electronic form, Improve the overall efficiency of the Nations Payments system. What is the purpose of the FFIEC? - Prescribe uniform principles, standards, and report forms for the federal examination of financial instit...

Which of the following investments is the MOST suitable for a person who is interested in aggressive growth? 1) Common Stock 2) High-Yield Bond Fund 3) Preferred Stock 4) High-rated Bond - Answer- A: 1) Common Stock *Of the choices listed, common stock has historically provided the greatest potential for growth *Bonds and preferred stock are typically suitable for investors who are seeking income. When purchasing Treasury notes, an investor should understand: 1) Delivery is in ...

What type of risk is unique to a specific industry, business enterprise, or investment type? - ANSWER-Nonsystematic risk Under which of the following circumstances is an investor in a position to acquire stock? - ANSWER-Buy a call, sell a call (The holder of a call has the right to buy stock at the strike price if exercised. The seller of a put is obligated to buy stock at the strike price if exercised) Options- a premium - ANSWER-the cost of an option contract, expressed in dollars per sh...

What is a corporation or trust that functions like a mutual fund for real estate, by combining the capital of many investors to acquire real estate? a. General partnership b. Land trust c. Syndication d. REIT - d. REIT The federal financial institutions regulatory agencies directly involved in fair lending include all of the following EXCEPT: a. Fannie Mae b. FDIC c. OCC d. FRB - a. Fannie Mae The median price of homes sold in your county 6 months ago was $224,650. Prices have been...

SIE FINRA Exam questions and answers 2024 updateSIE FINRA Exam questions and answers 2024 update The Federal regulatory body that governs the securities industry is: >>>The SEC A fully disclosed BD: >>>is an inducing firm clearing its transactions through a carrying firm An intermediary between the buy and sell sides of a transaction is known as >>>a clearing agent For the Depository Trust and Clearing Corporation (DTCC), all of the following are true EXCEPT:...

SIE FINRA Exam questions and answers 2024 updateSIE FINRA Exam questions and answers 2024 update The Federal regulatory body that governs the securities industry is: >>>The SEC A fully disclosed BD: >>>is an inducing firm clearing its transactions through a carrying firm An intermediary between the buy and sell sides of a transaction is known as >>>a clearing agent For the Depository Trust and Clearing Corporation (DTCC), all of the following are true EXCEPT:...

15-HR NATIONAL USPAP COURSE 2024 QUESTIONS WITH COMPLETEANSWERS ALREADY PASSED AND GRADED A+ Which entity appoints members of the AQB and ASB? They appoint their own members Board of Trustees (BOT) None of the answers shown Appraisal Subcommittee (ASC) - CORRECT ANSWER Board of Trustees (BOT) Qualification criteria for appraiser certification and recertification are disseminated to state appraisal boards by the: Consumer Financial Protection Bureau (CFPB) Appraiser Qualifications Bo...

ECOA is Regulation ______ - ANSWER Regulation B TILA is administered by ______ - ANSWER CFPB HOEPA considers a loan to be high cost if total charges to borrower exceeds ______ % of loan amount? - ANSWER 5% For reverse mortgage, TILA disclosure must be delivered how many days prior to closing? - ANSWER 7 days Home Mortgage Disclosure Act (HMDA) implemented by _____ - ANSWER FRB Loan amount, gender, race, & age; which is not required on HMDA? - ANSWER Age HMDA does not - ANSWER Set lending...