jenniferdl
Quiz by , created more than 1 year ago

Quiz on Friday Facts Quiz , created by jenniferdl on 02/03/2015.

5
0
0
jenniferdl
Created by jenniferdl over 9 years ago
Close

Friday Facts Quiz

Question 1 of 10

1

3. Traditional IRA Catch-Up contributions allow persons of qualifying age to contribute an additional $________________.

Select one of the following:

  • $500

  • $1000

  • $1500

  • $2000

Explanation

Question 2 of 10

1

5. The cost for Motorcycle, ATV or Watercraft GAP coverage is:

Select one of the following:

  • $295

  • $220

  • $300

  • $495

Explanation

Question 3 of 10

1

An important part of this act requires the credit union to develop a comprehensive Information Security Program to safeguard it’s member’s confidential information

Select one of the following:

  • A. Truth In Disclosure

  • B. Privacy of Consumer Financial Information

  • C. Right to Financial Privacy Act

  • E. Security Information Act

Explanation

Question 4 of 10

1

Our Equipment Loans offer terms determined by the year and value of the vehicle up to:

Select one of the following:

  • A. 120 months

  • B. 84 months

  • C. 72 months

  • D. None of the above

Explanation

Question 5 of 10

1

1. A purpose of Regulation C, the Home Mortgage Disclose Act, is:

Select one of the following:

  • A. To allow the Federal Reserve to track and control the mortgage supply

  • B. To help determine if lending institutions are meeting the housing credit needs of their communities

  • C. To promote uniformity in consumer credit advertising and disclosures for home mortgages

  • D. To provide uniformity in mortgage interest rates disclosed to consumers

Explanation

Question 6 of 10

1

Night Depository receipts are always mailed to the member.

Select one of the following:

  • True
  • False

Explanation

Question 7 of 10

1

This is a special relationship in which the member authorizes a person to access their account on their behalf.

Select one of the following:

  • Representative Payee

  • Custodian

  • Durable Power of Attorney

  • Guardianship/Conservator.

Explanation

Question 8 of 10

1

With VISA Debit Cards from TEXAR there is a point of sale limit of 7 transactions per day.

Select one of the following:

  • True
  • False

Explanation

Question 9 of 10

1

If more than one beneficiary is named on an account with a Payable on Death designation:

Select one or more of the following:

  • Funds are distributed evenly.

  • Funds are distributed to the first beneficiary named and it is his/her responsibility to divide the funds as they see fit.

Explanation

Question 10 of 10

1

Durable Power of Attorney designation:

Select one or more of the following:

  • Continues for a period not to exceed one year.

  • Continues indefinitely until it is revoked by the agent or until the agent or the owner dies.

  • Continues for 30 for calendar days with a three day grace period for renewal.

Explanation

Previous
Next