Trading, Accounts & Prohibited ActsQuestion 267 of 398
A Currency Transaction Report (CTR) generally must be filed when a customer conducts a cash transaction exceeding what amount in a single business day?
a.$1,000
b.$3,000
c.$5,000
d.$10,000
Explanation
A CTR is required for cash (currency) transactions exceeding $10,000 in a single business day, including multiple transactions that aggregate above that amount. It applies to physical currency, not ordinary securities trades settled by check or wire.
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