Travelers checks - Study guides, Class notes & Summaries

If a person makes a deposit of $10,000 or more into a bank account, the bank must notify the... correct answer: US Treasury Department. Joan wants to open a checking account and wonders if checking accounts pay interest. How would you answer her question? correct answer: Some types of checking accounts pay interest. A bank Certificate of Deposit is a: correct answer: Savings instrument that requires a deposit for a period of time during which there is a penalty for withdrawals. Pat h...

US Treasury Department If a person makes a deposit of $10,000 or more into a bank account, the bank must notify the National Credit Union Association (NCUA) insures each depositor's accounts up to $100,000 in one credit union Credit union Are insured by National Credit Union Association (NCUA) Travelers checks Function as cash and are easily replaced if lost The Fed is short for The Federal Reserve System The Federal Reserve provides banking services to depository institutions, se...

For the past five years, a person has had a $20000 whole life insurance policy that has a cash value clause. The person decides to surrender the policy. At the time of surrender, the person will receive Ans: A calculated amount who includes the premiums paid as well as the interest on that money. A person buys a flat screen, plasma, theater-like television. There person has homeowner's insurance. Why would it be appropriate to add a personal property floater to that insurance? Ans: T...

Travel Card Program (Travel Card 101) [Mandatory] Questions and Answers Already Passed Which item is a benefit of using the travel card? A. Its use ensures the travel card vendor will be paid promptly, preventing travel-related debt. B. Transactions are denied if the JTR does not allow reimbursement for the attempted purchase. C. Travelers can use it to pay for both official and personal expenses while on official travel. D. Using it prevents travelers from having to use their own money for...

Wise Practice Test Exam Questions With 100% Correct Answers 2024/2025 For the past five years, a person has had a $20000 whole life insurance policy that has a cash value clause. The person decides to surrender the policy. At the time of surrender, the person will receive A calculated amount who includes the premiums paid as well as the interest on that money. A person buys a flat screen, plasma, theater-like television. There person has homeowner's insurance. Why would it be appropriate...

Which item is a benefit of using the travel card? A. Its use ensures the travel card vendor will be paid promptly, preventing travel-related debt. B. Transactions are denied if the JTR does not allow reimbursement for the attempted purchase. C. Travelers can use it to pay for both official and personal expenses while on official travel. D. Using it prevents travelers from having to use their own money for official travel expenses. - Answer D. Using it prevents travelers from having to use t...

Unauthorized request or receipt of NCIC material could result in - Answer administrative or criminal proceedings brought against the agencies and/or the individuals involved. TLETS (Texas Law Enforcement Telecommunications System) - Answer a statewide telecommunications network that is composed of computer terminals, interfaces and databases representing city, county, state, federal and military law enforcement and criminal justice agencies in Texas. This network is controlled by a compu...

If a person makes a deposit of $10,000 or more into a bank account, the bank must notify the correct answer: A: US Treasury Department The best reason for depositing money in a bank or credit union savings account instead of keeping your money "under the mattress" is that: correct answer: A: Money deposited in savings accounts are F.D.I.C. insured Travelers checks, often used for vacations: correct answer: C: Function as cash and are easily replaced if lost A bank Certificate of De...

Wise Practice Test Exam Questions With 100% Correct Answers 2024/2025 For the past five years, a person has had a $20000 whole life insurance policy that has a cash value clause. The person decides to surrender the policy. At the time of surrender, the person will receive - answerA calculated amount who includes the premiums paid as well as the interest on that money. A person buys a flat screen, plasma, theater-like television. There person has homeowner's insurance. Why would it be app...

CCurrency (money in your pocket, loans) M1C + demand deposits, travelers checks, other checkable deposits M2M1 + small time deposits, savings deposits, money market mutual fund, money market deposit accounts Money SupplyM= C + D, currency + demand deposits, M= mB Reserves consist ofcash in vaults of FI Deposits at Central Bank Money BaseReserves Currency in circulation, B=C+R