Us treasury department Study guides, Class notes & Summaries

ACAMS Certification Exam 2023-2024 Questions and Answers Correct C - The USA PATRIOT Act was passed in: A) 1970 B) 1985 C) 2001 D) 2007 D - The three stages of money laundering are: A) Layering, Placement, Refining B) Placement, Refining, Integration C) Refining. Integration, Layering D) Integration, Layering, Placement D - Which of the following would be satisfactory elements of an Anti-Money Laundering Program? I - A CAMS certified employee in the Investiga...

Loan-to-Value Ratio (LTV) - correct answer The percentage of the lesser of the appraised value or sales price that the lender will lend. ex: If a borrower is approved for an 80% loan, it means that the lender will loan up to 80% of the sales price or appraised value, whichever is lower. Package Mortgage - correct answer Includes both real and personal property ( fixtures and furnishings) Blanket Mortgage - correct answer Covers more than one piece of property. Wraparound Mortgage - c...

Earned Income Income derived from active participation in a trade or business, including wages, salary, tips, commissions and bonuses. Unearned Income Any income that comes from investments and other sources unrelated to employment services. Examples: interest from a savings account, bond interest, alimony, and dividends from stock Exemptions (aka allowance) and how they work If you are not claimed as a dependent on another taxpayer's return, then you can claim one personal ...

Loma 311 module 1 Exam Answers 100% Verified Constitution - ANSWER- One of the primary sources of law. The other three are statutes, administrative regulations, and treaties and international agreements. A constitution is a document or group of documents that set out the fundamental principles that determine the powers and duties of the government and the rights of the people. -meant to be relatively permanent and a primary source of law Branches of Government - ANSWER- Legislative,...

Champions Real Estate Finance graded A+ already passed 2023Loan-to-Value Ratio (LTV) - correct answer The percentage of the lesser of the appraised value or sales price that the lender will lend. ex: If a borrower is approved for an 80% loan, it means that the lender will loan up to 80% of the sales price or appraised value, whichever is lower. Package Mortgage - correct answer Includes both real and personal property ( fixtures and furnishings) Blanket Mortgage - correct answer Covers ...

CDFM MODULE 1 Test | Questions and Answers 100% Correct 2023 Latest. What prevents Congress and the President from unilaterally making laws and treaties? - correct answersSeparation of Power What give Congress the authority to make laws? - correct answersArticle 1, Section 8 of the Constitution Who reviews the constitution for interpretation of the constitution? - correct answersSupreme Court Who has the power to raise taxes given in Article 1 of the Constitution? - correct answersCongres...

CDFM MODULE 1 Exam Questions and Answers 100% Correct 2023 Latest. To be able to override a presidential veto, the House has to have a majority to pass the bill; and if approved, then goes to the Senate for a vote to pass the bill. If approved, the Bill becomes Law. What is the percentage the vote has to pass by in both the House & Senate? - correct answers2/3 and 2/3 If any Bill shall not be returned by the President after it has been presented to him, the Same shall be a law. How many day...

CDFM - Module 3 questions with complete solutions 2022/2023What are the three tests that must be met for use of the Necessary Expense doctrine? Must bear a logical relationship Not prohibited by law Not funded elsewhere (p 3.1.17) Who grants relief of liability to a certifying officer for erroneous or illegal payments in the Department of Defense? The Defense Finance and Accounting Service (DFAS) (p. 3.1.51) What type of budgetary resources remains available for new obligatio...

WGU C428 Financial Resource Management in Healthcare Questions and Answers Already Graded A Finance within a healthcare organization can be condensed into the "four Cs": Costs Cash Capital Control The finance department manager who handles capital acquisition, investment management, and risk management activities Treasurer The finance department manager who handles accounting, budgeting, and reporting activities. Comptroller The head of the finance department holds the title of chief financ...

GED Test 740 Questions with Verified Answers "WOW! Mom rides a kayak at noon." How are the underlined words alike? - CORRECT ANSWER They are palindromes Who was the author of Common Sense: Thomas Paine or Thomas Jefferson? - CORRECT ANSWER Thomas Paine What is NOT a real shark: hammerhead, shovelhead, or tigerhead? - CORRECT ANSWER tigerhead What is the force that slows down an object or stops its motion? - CORRECT ANSWER friction Which is greater than 90 degrees: an acute angle...