WorksheetsAssante BP Test Review
Total questions: 15
Worksheet time: 9mins
The client's bank account was $350 short for the latest PAC deposit. The client plans to fix it with an online deposit. How much should he transfer, and are there any fees to consider?
$350 with the NSF fees
$350, no fees
$375 with the NSF fees charged by the bank
They have to wait for the next PAC run
Today is March 1st, assistant Sandra wants to know the total fees for transferring out the client's NN TFSA, LIRA and RSP accounts.
$450 plus tax
$375 plus tax
$525 plus tax
$325 plus tax
The client is 20 years old this year. He never contributed to TFSA. What is his accumulated TFSA contribution room?
$14,000
$12,000
$21,000
$6,500
Advisor Kelly calls in asking if she can accept a cheque from the client's Jane husband Bob to deposit in her RRSP account. What do you tell her?
No, we can only accept a cheque from the client
We could only accept a cheque from the spouse in a spousal RRSP account
Yes, third party payments are accepted if the relationship is clearly identified (spouse, parent)
Yes, anybody can contribute to this account
Advisor placed a sell for $2000 which shows an Open status. There is $300 available in Canadian Demand. He wants to confirm the Total Gross Overdraft amount for the overdraft request form. What is the Overdraft amount?
$2,000
$1,700
$2,300
$1500
Advisor placed a sell for $3,000 in his client's RRSP account. The client resides in Alberta. What is the net amount that the client will receive?
$2575
$3,000
$2,650
$2,700
What fees will be charged if the client made a withdrawal as a part of a LIF minimum (regular withdrawal) of $1000 gross this month
$0
$100 WHT
$50 deregistration fee
$150 plus tax (WHT plus Deregistration fee)
What Team handles issues with online deposits?
S&R Team
Trust Accounting
Special Products
Account Updates
After meeting with the client, assistant Justin deposited $9,000 in his Open account last week. He is asking what’s the fastest way to move the cash to the client’s Nominee TFSA Account.
Redeem the $ and deposit in TFSA
Do the internal transfer on ActionPro
Submit an order ticket
Cancel the deposit and make a deposit in TFSA
A client holds Third Party RRSP and TFSA. What is the total fee that will be charged annually?
$0
$75 plus tax
$75, no tax
$150 plus tax
If a client makes a withdrawal from his RRIF account outside of the minimum (lump sum withdrawal), a partial deregistration fee will be charged.
True
False
It is 1 pm, an assistant wants to reverse a deposit she made on ActionPRO today. A CSA told her that she can do it herself on ActionPRO.
True
False
Online deposits can be made in $US currency
True
False
Transfer fees are charged on the internal transfer
True
False
Rejected trade is automatically cancelled. No attempt to push the trade through will be made by S&R Team.
True
False
