Savings & Overseas Offices

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Shblake
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Quizzes Created: 3 | Total Attempts: 362
Questions: 12 | Attempts: 68

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Savings & Overseas Offices - Quiz

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Questions and Answers
  • 1. 

    Which countries does JNBS have rep offices in?

    • A. 

      Ghana

    • B. 

      USA

    • C. 

      Cayman

    • D. 

      UK

    • E. 

      Canada

    • F. 

      All of the above

    Correct Answer(s)
    B. USA
    C. Cayman
    D. UK
    E. Canada
    Explanation
    JNBS has rep offices in the USA, Cayman, UK, and Canada. This means that JNBS has established representative offices in these countries to facilitate its operations and provide services to customers. These offices serve as a point of contact for clients and help in establishing and maintaining business relationships in these countries. By having rep offices in these countries, JNBS can expand its reach and better serve its international clientele.

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  • 2. 

    I am able to visit the Florida Rep Office and drop off my documents for mailing to Jamaica

    • A. 

      True

    • B. 

      False

    Correct Answer
    B. False
    Explanation
    The statement says that the person is able to visit the Florida Rep Office and drop off their documents for mailing to Jamaica. However, the correct answer is False because the statement does not provide any information about whether the Florida Rep Office actually offers mailing services to Jamaica. Without this information, we cannot assume that the person is able to drop off their documents for mailing to Jamaica at the Florida Rep Office.

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  • 3. 

    I am able to make transaction requests at the Florida Rep Office

    • A. 

      True

    • B. 

      False

    Correct Answer
    B. False
    Explanation
    The statement "I am able to make transaction requests at the Florida Rep Office" is false. This means that the person is not capable of making transaction requests at the Florida Rep Office.

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  • 4. 

    I can carry funds to the Elephant & Castle office, to make a deposit to my account

    • A. 

      True

    • B. 

      False

    Correct Answer
    B. False
    Explanation
    The given statement is false because the Elephant & Castle office is a physical location where funds can be carried to make a deposit. However, as an AI, I cannot physically carry funds or make deposits, so this statement does not apply to me.

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  • 5. 

    I have a joint savings account and want to close it; I will need the other holder's permission to do so

    • A. 

      True

    • B. 

      False

    Correct Answer
    A. True
    Explanation
    In a joint savings account, both holders have equal ownership and control over the account. Therefore, if one holder wants to close the account, they would need the permission of the other holder to do so. This is because both holders have the right to manage and make decisions regarding the account.

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  • 6. 

    If I am in the UK, I can access money from my JNBS account by:

    • A. 

      Money Transfer

    • B. 

      Cheque

    • C. 

      All of the above

    Correct Answer
    B. Cheque
    Explanation
    The correct answer is "Cheque" because it is a commonly used method to access money from a bank account. In the UK, individuals can write a cheque to withdraw funds from their JNBS account. Cheques are a convenient and widely accepted form of payment that allows account holders to access their funds easily.

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  • 7. 

    Which of the following functions cannot be performed at the UK Representative Office?

    • A. 

      Requests for withdrawals

    • B. 

      Obtaining of an ATM card

    • C. 

      Deposits to JN Vacation Accounts

    • D. 

      None of the above

    Correct Answer
    C. Deposits to JN Vacation Accounts
    Explanation
    The UK Representative Office cannot perform the function of deposits to JN Vacation Accounts. This implies that all other functions mentioned in the question, such as requests for withdrawals and obtaining an ATM card, can be performed at the UK Representative Office.

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  • 8. 

    A member would like to add her 17 year old daughter to her USD account. What would be the requirements of the daughter? Please choose the most suitable option

    • A. 

      Valid ID

    • B. 

      Birth Certificate

    • C. 

      Character References

    • D. 

      A & B

    • E. 

      A, B & C

    Correct Answer
    D. A & B
    Explanation
    To add the 17-year-old daughter to the member's USD account, the daughter would need to provide a valid ID and a birth certificate. These requirements are necessary to verify the daughter's identity and age, ensuring that she meets the necessary criteria to be added as a member to the account. Character references are not mentioned as a requirement, so option A & B is the most suitable choice.

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  • 9. 

    The Florida Rep Office located in Tamarac can pre-approve mortgage loans

    • A. 

      True

    • B. 

      False

    Correct Answer
    A. True
    Explanation
    The statement suggests that the Florida Rep Office in Tamarac has the authority to pre-approve mortgage loans. This implies that they have the necessary qualifications, expertise, and resources to assess loan applications and determine if they meet the necessary criteria for pre-approval. Therefore, the statement is true, indicating that the Florida Rep Office located in Tamarac is capable of pre-approving mortgage loans.

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  • 10. 

    I can send a money transfer from the Florida Rep Office

    • A. 

      True

    • B. 

      False

    Correct Answer
    B. False
    Explanation
    The given statement is false because the Florida Rep Office is not a financial institution or a money transfer service. It is likely a representative office of a company or organization, which typically handles administrative or marketing tasks. Therefore, it would not have the capability to send a money transfer.

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  • 11. 

    Local Members may conduct a withdrawal at a branch by providing which of the following?
    1. Passbook and ID
    2. Account number and passbook
    3. ATM card and TRN
    4. Name, ID and TRN

    • A. 

      I & II

    • B. 

      I& III

    • C. 

      I & IV

    • D. 

      All of the above

    Correct Answer
    C. I & IV
    Explanation
    Local members can conduct a withdrawal at a branch by providing their passbook and ID, as well as their name, ID, and TRN. This means that options I and IV are correct. Option II, which states that they need to provide their account number and passbook, is incorrect because the account number is not mentioned as a requirement for withdrawal. Option III, which states that they need to provide their ATM card and TRN, is also incorrect because the use of an ATM card is not mentioned as a method for withdrawal at a branch. Therefore, the correct answer is I & IV.

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  • 12. 

    Functions of the Jamaica National Rep Office at Elephant & Castle in the UK include:

    • A. 

      Facilitating the opening of accounts for new prospects, by completing all the required documentation on receipt of acceptable forms of ID and references

    • B. 

      Develop and identify business opportunities

    • C. 

      Conduct money transfer business

    • D. 

      Assist with transfer of monthly pension through UK Pension Expediter

    • E. 

      A, B & D

    Correct Answer
    E. A, B & D
    Explanation
    The correct answer is A, B & D. The Jamaica National Rep Office at Elephant & Castle in the UK facilitates the opening of accounts for new prospects by completing all the required documentation on receipt of acceptable forms of ID and references. They also develop and identify business opportunities and assist with the transfer of monthly pension through UK Pension Expediter. The office does not specifically mention conducting money transfer business, so this option is not included in the correct answer.

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