Friday Facts Quiz

Description

Quiz on Friday Facts Quiz , created by jenniferdl on 02/03/2015.
jenniferdl
Quiz by jenniferdl, updated more than 1 year ago
jenniferdl
Created by jenniferdl over 9 years ago
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Resource summary

Question 1

Question
3. Traditional IRA Catch-Up contributions allow persons of qualifying age to contribute an additional $________________.
Answer
  • $500
  • $1000
  • $1500
  • $2000

Question 2

Question
5. The cost for Motorcycle, ATV or Watercraft GAP coverage is:
Answer
  • $295
  • $220
  • $300
  • $495

Question 3

Question
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
Answer
  • A. Truth In Disclosure
  • B. Privacy of Consumer Financial Information
  • C. Right to Financial Privacy Act
  • E. Security Information Act

Question 4

Question
Our Equipment Loans offer terms determined by the year and value of the vehicle up to:
Answer
  • A. 120 months
  • B. 84 months
  • C. 72 months
  • D. None of the above

Question 5

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

Question 6

Question
Night Depository receipts are always mailed to the member.
Answer
  • True
  • False

Question 7

Question
This is a special relationship in which the member authorizes a person to access their account on their behalf.
Answer
  • Representative Payee
  • Custodian
  • Durable Power of Attorney
  • Guardianship/Conservator.

Question 8

Question
With VISA Debit Cards from TEXAR there is a point of sale limit of 7 transactions per day.
Answer
  • True
  • False

Question 9

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

Question 10

Question
Durable Power of Attorney designation:
Answer
  • 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.
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