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?
Assante BP Test Review

Quiz
•
Professional Development
•
Professional Development
•
Medium
LearningAnd Development
Used 4+ times
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15 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
$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
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
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
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
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
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
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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