Cash Handling & Transactions Flashcards
7 cards from real CBT practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.
Read the first 7 Cash Handling & Transactions flashcards as text
A standard full strap of $20 bills contains 100 notes. What is its total value?
Answer: $2,000
100 notes x $20 = $2,000 per strap.
How much is a standard roll of quarters worth?
Answer: $10.00
A standard quarter roll holds 40 coins, totaling $10.00.
A customer deposits $9,000 cash in the morning and returns that afternoon with $2,000 more cash for the same account. What must the teller do?
Answer: File a Currency Transaction Report because the day's cash exceeds $10,000
Multiple cash transactions by or for the same person in one business day are aggregated, and over $10,000 requires a CTR.
A customer offers a torn $50 bill with clearly more than half of the note remaining. How should the teller generally handle it?
Answer: Exchange it at face value under the bank's procedures
Notes with more than half remaining can generally be exchanged at banks; mutilated notes with half or less go to the Bureau of Engraving and Printing.
When paying out cash to a customer, what is the recommended practice?
Answer: Count the cash to yourself, then count it again in front of the customer
Counting twice, once privately and once back to the customer, prevents errors and disputes.
A check shows $150.00 in the numeric box but "One hundred fifty-one and 00/100" on the written line. Which amount generally governs?
Answer: The written (legal) amount
Under the UCC, words prevail over numbers when they conflict.
Why are teller cash drawers kept under a set maximum limit?
Answer: To limit potential loss from robbery or theft
Drawer limits reduce exposure to loss, so excess cash is sold to the vault.