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NEW QUESTION: 1
Trust Co. and First National Bank are located in the same city and each has assets of over $20 million.
The president of First National has been asked to serve as a director of Trust Co. First National has no trust department and no trust operations. Trust Co. operates solely as a trust company. Would this relationship violate the prohibitions against management official interlocks in Regulation L?
A. Maybe, but it depends on the size of the institutions.
B. No, because the institutions are not both depository institutions.
C. Yes, because the institutions are in the same city.
D. No, because the institutions do not compete.
Answer: C

NEW QUESTION: 2
What is the rate of interest paid by the European Central Bank on cash amounts exceeding the minimum reserve requirement (excess reserves)?
A. EONIA flat
B. 0%
C. EONIA -10 basis points
D. EONIA - 5 basis points
Answer: C

NEW QUESTION: 3
As an Administrator, Carl wants to customize SmartCloud Notes mail templates. Which of the following is NOT an option?
A. Delete a template
B. Provide user rights to apply individual templates
C. Replace a template
D. Make a template the default template
Answer: B

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