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RETAIL PRODUCTS

Total questions: 10

Worksheet time: 5mins

Name
Class
Date
1.

SMART247 is a _____________

a)

Payment system

b)

High interest yielding account

c)

the banks USSD code.

2.

Ikenna increases the balance on his SMART247 account by 20% monthly, what is the interest rate paid on his account per annum?

a)

7.77% p.a

b)

6% p.a

c)

33.3%

3.

Devlin stepped in to our banking hall to open a SMART247 current account, he had the following documents in hand; a passport, duly signed specimen signature card & utility bill within 3 Months. Advice Devlin what to do.

a)

Give Devlin a full account opening document and advice they be signed by 2 references

b)

fill Devlin’s account opening form for him

c)

Give Devlin a full account opening document and advice they be signed by 2 references and BVN

4.

Advise Mr. Abiola our new customer on documents needed to open SunTrust Kiddies account.

a)

Birth certificate, ID card, utility Bill, Passport photograph

b)

1. BVN, CAC CAC2 CAC7 MEMART, TIN NUMBER, Search report, Passport photograph.

c)

Birth certificate/NPC, ID card of parent, consent letter, court order, Utility bill and Passport photograph

5.

A SMART 247 Corporate account was opened by company XYZ with a minimum balance of Zero#0 . Will this account be available to XYZ for operation?

a)

Yes

b)

No

6.

Minimum opening balance for SunTrust Kiddies Account is same as its Minimum balance

a)

Yes

b)

No

7.

The Minimum Opening Balance on the SunTrust Kiddies Account is

a)

#10,000

b)

#5,000

c)

#1,000

8.

Nwachukwu a student of Hillcrest University asks you of the minimum balance of SunTrust student account

a)

#500

b)

#0

c)

#1,000

9.

In SunTrust Bank, _____ account is designed to build an emotional attachment to our brand

a)

SMART 247

b)

Student Accounts

c)

Kiddies Account

d)

STINT

10.

Mercy does NOT need which of the following to open a Student's Account for her sister

a)

School ID Card

b)

Admission Letter

c)

Most recent school result