Us treasury department - Study guides, Class notes & Summaries

Wise Practice Test Questions with complete solution 2024/2025 Wise Practice Test-Difficult 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. Reason: In order to track large deposits, the federal government requires that deposits of $10,000 or more be reported to the Treasury Department. Some concerns may be that a person might be trying to avoid paying taxes on game winnings or perhaps illegal gains....

Banking Wise Practice Test Questions with Verified Solutions What must a bank do when a deposit of $10,000 or more is made? Report the transaction to the US Treasury Department. This measure helps monitor large sums and ensure they are not from untaxed or illegal activities. Which organization insures accounts held in credit unions? The National Credit Union Administration (NCUA), which insures up to $100,000 per depositor in each credit union. Why should James cash his paycheck at his b...

Personal Finance WISE Test Questions and Answers Rated A+ If an individual deposits $10,000 or more into a bank account, the bank is required to inform the: US Treasury Department The term that describes how easily and quickly you can convert an investment or savings into cash is: Liquidity Which financial instrument usually offers the highest interest rate? Certificate of Deposit What should a person do if they need to pay tuition at the end of August each year? Determine ...

If a person makes a deposit of $10,000 or more into a bank account, the bank must notify the a) state banking commission b)federal reserve board c) us treasury department d) federal deposit insurance corporation (FDIC) correct answer: c) us treasury department A teenage boy has opened a checking account. He is surprised to find that though he is getting a written bank statement each month he is not getting his cancelled checks returned. The teenager should be aware that the reason cancel...

Separation of Power - ANSWER What prevents Congress and the President from unilaterally making laws and treaties? Article 1, Section 8 of the Constitution - ANSWER What give Congress the authority to make laws? Supreme Court - ANSWER Who reviews the constitution for interpretation of the constitution? Congress (Legislative Branch) - ANSWER Who has the power to raise taxes given in Article 1 of the Constitution? Senate (6 yrs); House (2 yrs) - ANSWER What does the Congress of the US c...

Wise 50 ?'s Practice test 1|Complete with A+ Graded Answers 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 ...

NSC Quiz with Complete Answers Graded A+ What is meant by the term "honest broker" used in reference to the NSA? - Answer-It is used as being an honest person to the NSA and if you don't have their trust and you are not honest you most likely will not be liked in the NSC. Also the president needs an honest broker to make sure the NSA correctly gives the views of the president in formal affairs. How do presidents codify their official national security policy decisions in writing? - Answer...

If a person makes a deposit of $10,000 or more into a bank account, the bank must notify the State Banking Commission. Federal Deposit Insurance Corporation. (FDIC). US Treasury Department. Federal Reserve Board. - US Treasury Department Safe-deposit boxes are: Safe and can be accessed only by the owner of the box Available at all banks Convenient and accessible at any hour of the day or evening A free benefit for accounts with deposits starting at $50,000 - Safe and can...

Wise Certification Test Question and answers rated A+ 2024/2025 Wise Certification Test 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 Margaret wants to store a valuable coin collection & important papers. Generally, consumers should: - correct answer Rent a safe deposit box for their valuables Troy has $50 a month transferred electronically from his checking account to his savings account. This i...

GPSTC-BLETC Independent Study with Complete Solutions local law enforcement agencies - Answer-city, county, and county sheriffs sheriff - Answer-every county has one, who is elected, part of the superior court, operates the county jail, has arrest power throughout the state and not confined to county boundaries district attorney of county - Answer-typically enters a case after police work is done, may assist in complicated cases like fraud and bribery state law enforcement agencies - A...