Free Financial CFSA Exam Questions (page: 21)


Answer(s): A
QUESTION: 76
If principal is paid on a loan after it has been placed on non-accrual status, the bank must
determine whether it should record the payment as a reduction of:

A. The loan principal amount
B. Income interest
C. Both of these
D. Any one of these

Answer(s): D
QUESTION: 77
Financial institutions regularly identify uncollectible accounts and charge them off against the
reserve of:

A. Unearned loan revenue
B. Loan losses
C. Loan expenses
D. Al of these

Answer(s): B
QUESTION: 78
Watch lists of loans that are in danger of becoming delinquent generally contain information on
such as:

A. Customers name and account information
B. Loan balance outstanding
C. Available collateral and its estimated value
D. Al of these

Answer(s): D
QUESTION: 79
Deposit accounts are:

A. Interest bearing accounts
B. Non-interest bearing accounts
C. Tax bearing accounts
D. Either A or B

Answer(s): D

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