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Worksheets

Day 2

Total questions: 11

Worksheet time: 6mins

Name
Class
Date
1.

What are the 3 critical steps before we start discussing the purpose of the call?

a)

Introduction, KYC, and KYB

b)

Establishing Trust, KYC, and eSign

c)

Establishing Trust, Authentication, and Disclosure

d)

Authentication, Disclosure, and eSign

2.

How many Disclosures do we have for a typical account opening?

a)

1 - Recorded call only

b)

2 - Recorded call and eSign

c)

3 - Recorded Call, eSign, and Access Card

d)

4 - Recorded Call, eSign, Access Card, and Fees

3.

During Authentication, how much % of a variance can we accept within their answer?

a)

15%

b)

20%

c)

25%

d)

30%

4.

During Authentication without OTP, how many correct answers must the client answer out of the 3 questions?

a)

1

b)

2

c)

3

5.

During Authentication - if customer only confirms 1 account out of the 3 they have is this a pass or fail?

a)

PASS

b)

FAIL

6.

Inbound Authentication - What are the first 2 items we must check before proceeding with client

a)

Clients home address and cell number

b)

Transferring Agents name and login

c)

Transferring Agents name and what type of high risk authentication

d)

What type of High risk authentication and Clients name

7.

What are the best practices for preparing for your appointment?

a)

Check MCOM/ MCID

b)

Review appointment notes

c)

Review business / personal profile

d)

Have resources ready and list of items/questions

e)

all of the above

8.

Which Entity cannot have an additional Trade name?

a)

Sole proprietor

b)

Partnership

c)

Corporation

d)

Unincorporated Associations

e)

None of the above

9.

Statement for bank accounts are always initially set to....

a)

"N" - no statement

b)

"E"- Estatement only

c)

"S" - Paper statement

d)

"C" Canada Post

10.

If we have a partnership between Mickey and Minnie and they registered a trade name "M&Ms Shoe Store" what is that partnerships legal name?

a)

Mickey Mouse and Minnie Mouse

b)

M&Ms Shoe Store

c)

Mickey and Minnie

11.

What address we must use for a corporation that only provides Articles of Incorporation?

a)

Any address customer prefers

b)

Address on personal profile

c)

Legal address on Articles

d)

Mailing Address on Articles