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Professional Development

10 Qs

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Assessment

Quiz

Financial Education

Professional Development

Practice Problem

Hard

Created by

Julie Fonseca

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

How many hours of VTO are allotted to Full Time and Part TIme employees?

16 hours for Full Time
4 hours for Part Time

8 hours for Full Time
8 hours for Part TIme

16 hours for Full TIme
8 hours for Part Time

What is VTO?

2.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

What is the daily minimum balance requirement for a Regular Business Savings Account? and what fee is charged if the requirement is not maintained?

$300
$20 per quarter

$300
$5 per month

$100
$5 per quarter

$300
$5 per quarter

3.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Business Entities can use a Social Security Number as the Tax ID number for the business if they registered as one of these 2 formations-

Sole Proprietor only

Sole Proprietor and Single Member LLC

Sole Proprietor and Corporation

Single Member LLC and LLC

4.

MULTIPLE CHOICE QUESTION

30 sec • 6 pts

Matricular IDs from these 2 countries can be used as primary ID to open an account

Mexico and Venezuela

Mexico and Nicaragua

Mexico and Honduras

Mexico and Guatamala

5.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

What is the name of the disclosure document that contains the sizes and pricing for Safe Deposit Boxes?

Safe Box Fee Schedule

Fee Schedule

Safe Box Map

Safe Box Lease Agreement

6.

FILL IN THE BLANK QUESTION

30 sec • 5 pts

Maintaining $5,000 in combined average monthly balances across a customer's personal accounts based on the previous month's statement cycle will allow monthly service charges to be waived for Anywhere and Bloom Packages- TRUE OR FALSE

7.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

What is the fee to make an ATM deposit for a business account?

$1

$2

$0.50

There is no fee for BUSINESS Account atm deposits

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