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NEW QUESTION: 1
In April Lillian Redmond, the teller supervisor for First National Bank, discovers five counterfeit $20 bills in several teller drawers. In May and in June she discovers two additional counterfeit $20 bills. She has no knowledge of criminal activity on the part of any of the bank's employees or customers. She does not suspect any particular person in this transaction. Which of the following statements is true?
A. Ms. Redmond need not report this incident on a SAR because each incident is less than $5,000.
B. Ms. Redmond must report the counterfeit funds on a SAR but is not required to name any individual(s) on the report.
C. Ms. Redmond must report the counterfeit funds on a SAR and must name the most likely individual(s) on the report.
D. Ms. Redmond need not file a SAR on this incident because the total amount is less than $25,000.
Answer: D
NEW QUESTION: 2
Answer:
Explanation:
Explanation
NEW QUESTION: 3
A yield curve can be drawn for a wide variety of financial instruments. The most widely analyzed yield curves are those for benchmark instruments such as:
A. commodities
B. mortgage rates
C. money market rates and government bonds
D. consumption and inflation levels
Answer: C
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