Assante BP Test Review

Assante BP Test Review

Professional Development

15 Qs

quiz-placeholder

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Assante BP Test Review

Assante BP Test Review

Assessment

Quiz

Professional Development

Professional Development

Medium

Created by

LearningAnd Development

Used 4+ times

FREE Resource

15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

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

2.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Media Image

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

3.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Media Image

The client is 20 years old this year. He never contributed to TFSA. What is his accumulated TFSA contribution room?

$12,500

$12,000

$20,500

$6,500

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

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

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Media Image

 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

6.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Media Image

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

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

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)

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