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NEW QUESTION: 1
Definition of completed application-12 CFR 202.2(f) is:
A. An application
for which the bank has
received all the information
it regularly considers in evaluation, including credit reports, verifications, and so forth
B. The creditor must be reasonably diligent in collecting information to complete the application (for example, ordering credit bureau reports)
C. An inquiry becomes an application when the creditor evaluates information and decides to grant or decline the credit
D. Requests for
written preapprovals to be issued by the lender are considered applications
Answer: A,B

NEW QUESTION: 2
Which of the following is mandatory to make G/L accounts ready for posting?
Please choose the correct answer.
Response:
A. A company code segment and at least one cost element
B. A chart of accounts segment and at least one company code segment
C. A chart of accounts segment and at least one functional area
D. A chart of accounts segment and at least one cost element
Answer: B

NEW QUESTION: 3

A. Option A
B. Option D
C. Option B
D. Option C
Answer: B,C