CBT Vault and Cash Management 3

Question 1

What should a teller do if they arrive for their shift and notice the vault door appears to have been tampered with?

Accepted Answer

Immediately report it to management and do not open the vault until security investigates

Answer

Carefully open the vault and check whether anything is missing before reporting

Answer

Call a locksmith to repair the door and then proceed with normal opening

Answer

Assume it was accidental damage and proceed with the normal opening procedure

Question 2

During end-of-day procedures, which tasks must tellers complete before leaving their station?

Accepted Answer

Balance their drawers, secure all cash, and complete all required end-of-day documentation

Answer

Leave drawers unlocked for the opening teller's convenience the next morning

Answer

Transfer all cash directly to the vault without counting or reconciling first

Answer

Wait for the branch manager to personally count each teller's cash on hand

Question 3

What is a teller 'cash drawer limit' (also called a 'teller limit')?

Accepted Answer

A bank-policy-set maximum amount of cash a teller may keep in their drawer to manage security risk

Answer

A federal regulation requiring all teller drawers to hold exactly $10,000 at all times

Answer

A limit on how many $100 bills a teller is permitted to give out in a single day

Answer

A restriction on the total number of transactions a teller may process per shift

Question 4

What is the purpose of a 'silent alarm' or 'panic button' in a bank branch?

Accepted Answer

To notify law enforcement of a robbery in progress without alerting the robber

Answer

To alert tellers that the vault is ready to be opened for the day

Answer

To signal the armored car company that a cash pickup is ready

Answer

To warn branch employees that the branch is about to close for the day

Question 5

What does the term 'over/short' refer to in teller balancing?

Accepted Answer

The difference between a teller's actual cash count and the amount reflected by their recorded transactions

Answer

Whether a teller worked an overtime shift or left early that day

Answer

The measurement of vault door clearance above or below the standard height

Answer

An interest rate adjustment applied above or below the current prime rate

Question 6

When a teller discovers they are significantly 'over' (more cash than their records indicate) during balancing, what is the required action?

Accepted Answer

Report the overage to management and complete all required documentation

Answer

Keep the extra cash, as it offsets future shortages

Answer

Place the extra cash back in the vault without creating a report

Answer

Give the extra cash to the next customer as a goodwill gesture

Question 7

What is the purpose of maintaining a 'bait money log' in bank operations?

Accepted Answer

To record the serial numbers of bait bills placed in drawers so stolen money can be identified if recovered

Answer

To track expenditures on marketing and advertising materials

Answer

To log all cash deposits over $10,000 for Bank Secrecy Act reporting purposes

Answer

To document all cash orders placed with the Federal Reserve throughout the year