Cash Reserve

Question 1

There is no maturity if credit limit is less than $25,000 (T/F)

Answer 1

True

Question 2

What is the minimum Cash Reserve amount?

Answer 2

$200

Question 3

For loan amounts over $10,000 the limit should generally not exceed _________ of net worth

Answer 3

10%

Question 4

What is the primary use of consumer cash reserves?

Answer 4

To prevent overdrafts on checking accounts