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Which of the following does an extension of credit NOT include?

  1. An advance by means of an overdraft or cash item
  2. The making or renewal of any loan or granting of a line of credit
  3. An advance against accrued salary
  4. An acquisition of a note on which an insider is a maker, drawer, or guarantor

Answer(s): C



Which of the following does an extension of credit NOT include?

  1. An advance by means of an overdraft or cash item
  2. The making or renewal of any loan or granting of a line of credit
  3. An advance against accrued salary
  4. An acquisition of a note on which an insider is a maker, drawer, or guarantor

Answer(s): C



Which of the following does an extension of credit NOT include?

  1. An advance by means of an overdraft or cash item
  2. The making or renewal of any loan or granting of a line of credit
  3. An advance against accrued salary
  4. An acquisition of a note on which an insider is a maker, drawer, or guarantor

Answer(s): C



Which of the following transactions is subject to the provisions of Regulation O?

  1. Time deposit account held by a director
  2. Travel advance to an executive officer outstanding for less than 30 days
  3. Extension of credit to a director of an unaffiliated, competing, noncorrespondent bank
  4. Extension of credit to a member of the bank's board of directors

Answer(s): D






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