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Free Exam: Practice AAP Exam

Number of Questions in Test: 65
Number of Questions in Preview: 5
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Question 1

As a prerequisite to Origination and to help control credit risk, an Originating Depository Financial Institution (ODFI) must have this in place for all the Originators they transmit ACH entries for.

Type: Multiple choice
Points: 1
Randomize answers: No

Question 2

Which of the following requires virtually all non-tax related payments by the Federal government be made via electronic funds transfer?

Type: Multiple choice
Points: 1
Randomize answers: Yes

Question 3

Which of the following specifically addresses the need to evaluate ACH network solvency on a regular basis and assess risk responsibilities?

Type: Multiple choice
Points: 1
Randomize answers: Yes

Question 4

The ACH Network is governed by all of the following except:

Type: Multiple choice
Points: 1
Randomize answers: Yes

Question 5

Which is specifically designed to help consumers "comparison shop" for credit by requiring disclosures about its terms and cost?

Type: Multiple choice
Points: 1
Randomize answers: Yes

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