In Which of the Following Cases Is a Bank Obliged

question 49

Multiple Choice

In which of the following cases is a bank obliged to file a Currency Transaction Report (CTR) with the Internal Revenue Service?

• A) The bank receives instructions from a customer to certify an ordinary check worth $10,000 issued in a foreigner's name.
• B) The bank receives an ordinary check worth $13,000 payable to a customer's checking account.
• C) A customer deposits $20,000 through a cashier's check in his or her checking account.
• D) A customer issues stop-payment instructions on a check worth $15,000 issued to a payee.

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Definitions:

World Power

A nation or state that holds significant global influence, either economically, militarily, or politically.

Xenophobia

The fear or hatred of strangers or foreigners, often manifesting in discriminatory attitudes and behaviors.

Culturophobia

The fear or strong dislike of different cultures, often leading to efforts to avoid cultural diversity.

Integrative Forces

Factors or elements that promote unity and cohesion within a society, often seen in shared norms, values, or beliefs.