Question 1
Under the Bank Secrecy Act's Customer Identification Program (CIP), which document must a bank collect when opening a new individual account?
Correct Answer:
Name, date of birth, address, and identification number (e.g., SSN or TIN)
Question 2
What is the primary purpose of a signature card in banking?
Correct Answer:
To provide a record of authorized signers for verifying transactions on the account
Question 3
A joint account with 'right of survivorship' means:
Correct Answer:
The surviving account holder automatically inherits the full account upon the other's death
Question 4
What does 'FDIC insurance' cover per depositor per insured bank?
Correct Answer:
Up to $250,000 per depositor per ownership category per insured bank
Question 5
Which account type is typically used for business transactions and earns little or no interest?
Correct Answer:
Commercial checking account
Question 1
Exam overview

About this Exam

Prepare with the Certified Bank Teller (CBT) practice quiz. This question bank includes 75 questions covering bank, teller, customer, cash, and account. Use it to review important concepts, identify knowledge gaps, and build confidence for the related exam, course, or assessment.

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Certified Bank Teller (CBT)

This practice set contains 75 questions from the matching question bank and focuses on bank, teller, customer, cash, and account. Work through each question carefully, review the provided solutions, and revisit topics that need more study before your next attempt.

This is an independent study resource intended for practice and review; it is not an official examination or an endorsement by any organization named in the title.

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