6. Describe how and when a letter of credit is used?
7. Name the key elements in being a successful salesperson.
8. What are the three standards of the CRA for a bank?
9. In addition to banking laws, what regulation governsfinancial privacy?
10. You are a commercial loan officer in the process of workingwith a customer that wants to purchase a business ($200,000 saleprice for a coffee shop in Cotati). The problem is, the businessacquisition has no real estate and your borrower has only 10% cashfor the purchase. This is a cross-selling opportunity.
To cultivate the relationship, try to determine thefollowing:
