Procedures
What should you always do before you walk away from your computer?
Lock it!
What is an example of a mood-boosting activity you can do to replace shopping when you're experiencing tough emotions?
Work out
Hang out with a supportive friend
Play with a pet
Taking a bubble bath
I want to transfer $20 from my checking account to my savings account. What are my codes?
SW X SD
What is the first step to prepare to buy a home?
Saving!
I'm giving you $20 in cash and I would like to deposit it to my primary share. What are my codes?
CR SD
These processes require two people to complete them.
Dual Control
You go to the store planning to buy groceries and end up buying a new pair of jeans. This type of shopping is called __________buying.
Impulse
What is one signature rule? (When does a member need to sign a transaction receipt?)
You need the member to sign a receipt when you lower the balance of a share.
These costs are the fees required to obtain a mortgage (home loan) and transfer ownership of the home.
Closing Costs
Please withdraw $50 from my checking account. I would like my cash back in 20s and 10s please. What are my codes?
SW CD
What is the first thing you must do before completing a transaction for a member?
Verify their identity.
Trying to cheer yourself up by shopping is called ___________
Retail Therapy
I want to transfer $50 from my checking account to my friend's savings account. What are my codes?
SW X SD Y
Should you be pre-approved or pre-qualified on a home loan if you want a seller to know that your financing is in place when you make an offer on a home that is for sale?
Pre-approved. Pre-approval is a commitment from a financial institution to provide a mortgage up to a certain amount. Pre-qualification is just an estimate of what you can afford.
Here is $100 in cash. Please deposit $25 into my click checking account and the rest into my primary share. What are my codes?
CR SD SD
Name 2 types of processes that must be under dual control.
Opening the Vault
Verifying the Vault
Auditing the Vault
Balancing the Vault
Auditing a teller's box
Key Audit
Closing the vault
This is an emotional appeal type often used by advertisers to sell status symbols denoting association with fame or wealth
The desire for recognition
When completing a transfer between 2 member's accounts, what do I need to do with the first receipt? What do I need to do with the second receipt?
Member needs to sign the first receipt. I need to "mask member data" on the second receipt.
The traditional mortgage length is how many years?
30 years
A member hands you a $100 bill and wants you to switch it out for 20s. What is the name of the RepGen (Specfile) you will need to use to do this for the member?
Cash Exchange
How many $1 bills are in a clip of ones?
$25
Interest earned on interest is called_____________.
Compound Interest
Why do we need an "X" modifier when completing a transfer?
To prevent an error in Cash Tracking and void issues during an audit
What does PMI stand for?
Private Mortgage Insurance
A member gives you 2, $100 bills in cash. She would like to deposit $100 into her primary share, $40 into her checking account and the rest, cash back. What codes will you use?
CR SD SD CD