Deposit Account Regulations Quiz
Test your knowledge of deposit account regulations with this concise quiz. Please answer all questions to the best of your ability.
Which regulation governs the disclosure of terms and conditions for deposit accounts?
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Regulation E
Regulation DD
Regulation Z
Regulation B
What is the primary purpose of Regulation D?
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Limits the number of withdrawals from savings accounts
Sets interest rates on deposit accounts
Requires electronic funds transfer disclosures
Mandates anti-money laundering procedures
Under Regulation CC, what is the maximum hold period for most checks deposited in person?
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2 business days
5 business days
7 calendar days
10 business days
Which of the following is required by Regulation E?
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Disclosure of fees for electronic fund transfers
Error resolution procedures
Annual privacy notices
Notification of changes in terms
A customer requests a copy of the account agreement. How soon must a bank provide it under Regulation DD?
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Immediately upon request
Within 10 business days
Within 30 calendar days
At the next statement cycle
Which regulation requires periodic statement disclosures for deposit accounts with electronic fund transfers?
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Regulation D
Regulation E
Regulation CC
Regulation B
If a bank changes a term that could affect a consumer’s account, how many days in advance must the bank notify the consumer under Regulation DD?
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15 days
21 days
30 days
45 days
Which of the following is NOT covered by Regulation CC?
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Availability of funds from deposited checks
Disclosure of interest rates
Expedited funds availability
Endorsement standards for checks
Short Answer: Name one disclosure required at account opening under Regulation DD.
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Fill in the blank: Regulation E primarily protects consumers in connection with __________.
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