CBT Vault and Cash Management 2

Question 1

When ordering cash from the Federal Reserve, what information must a bank provide?

Accepted Answer

The denomination breakdown and total dollar amount required

Answer

The names of all tellers who will handle the incoming cash

Answer

The specific serial number ranges needed for the order

Answer

The account numbers of customers who have requested large cash withdrawals

Question 2

What does 'strapping cash' mean in bank teller operations?

Accepted Answer

Bundling currency into standardized packages using ABA-standard currency straps

Answer

Securing the vault door with additional physical straps or locks

Answer

Transporting packaged cash between branch locations via armored car

Answer

Packaging rolled coins into standard quantities for customer use

Question 3

What is the standard number of bills contained in one ABA currency strap?

Accepted Answer

100 bills per strap

Answer

50 bills per strap

Answer

250 bills per strap

Answer

500 bills per strap

Question 4

When a teller's cash drawer runs low during business hours, what is the correct procedure?

Accepted Answer

Request additional cash from the vault through proper dual-control channels with documentation

Answer

Ask waiting customers to move to another teller window

Answer

Close the teller window without notifying a supervisor

Answer

Borrow cash informally from an adjacent teller's drawer to save time

Question 5

What is 'excess cash' in bank branch operations?

Accepted Answer

Cash above the branch's approved working limit that should be sent to the vault or armored carrier

Answer

Cash amounts held in customer high-yield savings accounts

Answer

Damaged or mutilated currency returned to the Federal Reserve for replacement

Answer

Counterfeit bills discovered during teller transactions and set aside

Question 6

Which procedure is correct when receiving a cash shipment from an armored carrier?

Accepted Answer

Verify and count the shipment under dual control, then fully document the receipt

Answer

Sign the receipt quickly and place sealed bags directly in the vault to save time

Answer

Have a single trusted employee receive and sign for the entire shipment

Answer

Open the bags later at the end of the day when time permits

Question 7

What is the primary function of a 'cash recycler' in a modern bank branch?

Accepted Answer

To automatically count, sort, authenticate, and dispense cash, reducing manual handling errors

Answer

To destroy old, worn, or damaged currency that is no longer fit for circulation

Answer

To exchange foreign currency for U.S. dollars at current exchange rates

Answer

To track and log counterfeit bills discovered across multiple branch locations