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"Float" is the amount of check in the process of collection, but not yet converted into cash.

A) True
B) False

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A "trust" is established by a


A) grantor
B) trustee
C) beneficiary
D) FDIC

E) A) and D)
F) A) and C)

Correct Answer

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Trust department are organized in two or more departments - one dealing with individual trust and the other with corporate trusts. Corporate trusts typically involve


A) Acting as trustee for bond issues
B) Making interest payments to bondholders
C) Maintaining escrow accounts
D) All of the above

E) None of the above
F) B) and D)

Correct Answer

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