Teller Certification 1

For the cash drawer to balance, ending cash plus cash paid out must equal beginning cash plus

• cash paid out

• cash received

• checks

• starting cash

Andrew Pomeroy has just endorsed and requested payment on a check that was previously endorsed by Lori Chandler. Who has title to this check?

Which of the following is NOT one of the standard transfer guidelines for "buying" and "selling" cash inventory?

• Check the transfer amount received before transferring to your cash drawer

• Take advantage of teller-to-teller transfers whenever possible.

• Document all inventory transfers immediately

• Transfer cash inventory only at designated times unless otherwise necessary.

In addition to lending and investment revenues, many institutions generate income from​

• fee-based services
• advertising
• market research
• internal auditing

No one else should have access to teller's keys, with the following exception(s):

• Under a dual-control system, the head teller would have duplicates of the teller's keys

• The teller should leave his keys with antoher teller when he is away from his station

• the terrler should have over their keys when asked by anyone with a government ID

• All of the above

A consumer has asked about the dividend rate payable on a savings account. According to the Truth in Savings Act, you may:

• State the dividend rate, as long as you've also stated the annual percentage yield

• state any other rate, as long as you've also stated the annual percentage yield

Jan and Dean both have accounts at your credit union. Jan writes Dean a check for $400. Dean gives the check to you, saying he wants to deposit it in his account. Under Reg CC's normal funds availability schedules, he must receive "next-day" availability on _______ from this check.

• $400

• $225

• $100

It is easiest to hide signs of forgery with a

• ball-point pen

• fountain pen

• felt-tip pen

• pencil

The three essential functions of all depository institutions are

• the balancing function

  the credit function

  the deposit function

• the deposit funtion

  the credit function

  the payment function

• the balancing function

  the credit function

  the payment function

An account holder is in a panic because her traveler's checks have been stolen. Fortunately, she has proper documentation of the purchase from your institution, so you are able to reassure her that the checks can be replaced by

• your institution

• the issuing company