CBT Cash Handling & Transactions 2

Question 1

A standard full strap of $20 bills contains 100 notes. What is its total value?

Accepted Answer

$2,000

Answer

100 notes x $20 = $2,000 per strap.

Question 2

How much is a standard roll of quarters worth?

Accepted Answer

$10.00

Answer

A standard quarter roll holds 40 coins, totaling $10.00.

Question 3

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?

Accepted Answer

File a Currency Transaction Report because the day's cash exceeds $10,000

Answer

Multiple cash transactions by or for the same person in one business day are aggregated, and over $10,000 requires a CTR.

Question 4

A customer offers a torn $50 bill with clearly more than half of the note remaining. How should the teller generally handle it?

Accepted Answer

Exchange it at face value under the bank's procedures

Answer

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.

Question 5

When paying out cash to a customer, what is the recommended practice?

Accepted Answer

Count the cash to yourself, then count it again in front of the customer

Answer

Counting twice, once privately and once back to the customer, prevents errors and disputes.

CBT - Certified Bank Teller Practice Test

CBT - Certified Bank Teller Practice Test

CBT Cash Handling & Transactions 2