ETA CPP PRACTICE TEST 2026 TESTED
QUESTIONS WITH DETAILED SOLUTIONS
GRADED A+
●● What types of transaction and which banks were regulated by the
Durbin amendment to the Dodd-Frank Wall Street Reform and
Consumer Protection Act?
a. Swiped transactions from foreign banks
b. Corporate card transactions from issuing banks
c. Regulated debit card transactions from large issuing banks
d. MOTO check cards from domestic banks.
Answer: c. Regulated debit card transactions from large issuing banks
●● What constitutes a small ticket transaction?
a. Sales less than $25.00
b. Internet transactions under $10.00
c. Recurring billing transactions under $50.00
d. Swiped sales under $15.00.
Answer: d. Swiped sales under $15.00
●● What does EIRF stand for?
a. Transactions captured electronically
, b. Electronic transactions captured and settled within 2 days of
authorization
c. Transactions captured and settled within 29 days of authorization
d. Transactions captured on a corporate or international card.
Answer: b. Electronic transactions captured and settled within 2 days of
authorization
●● What is the interchange rate charged for trnasactions that clear for
EIRF?
a. 1.54% + $.10
b. 2.70% + $.10
c. 2.30% + $.10
d. 1.85% + $.10.
Answer: c. 2.30% + $.10
●● How is a merchant's effective rate calculated?
a. Discount rate x average ticket
b. Sum of Qualified, Mid- and Non-Qualified fees
c. Total fees divided by total sales
d. Number of transactions x transaction fee.
Answer: c. Total fees divided by total sales
●● What does surcharge / bill back mean on a merchant's statement?
QUESTIONS WITH DETAILED SOLUTIONS
GRADED A+
●● What types of transaction and which banks were regulated by the
Durbin amendment to the Dodd-Frank Wall Street Reform and
Consumer Protection Act?
a. Swiped transactions from foreign banks
b. Corporate card transactions from issuing banks
c. Regulated debit card transactions from large issuing banks
d. MOTO check cards from domestic banks.
Answer: c. Regulated debit card transactions from large issuing banks
●● What constitutes a small ticket transaction?
a. Sales less than $25.00
b. Internet transactions under $10.00
c. Recurring billing transactions under $50.00
d. Swiped sales under $15.00.
Answer: d. Swiped sales under $15.00
●● What does EIRF stand for?
a. Transactions captured electronically
, b. Electronic transactions captured and settled within 2 days of
authorization
c. Transactions captured and settled within 29 days of authorization
d. Transactions captured on a corporate or international card.
Answer: b. Electronic transactions captured and settled within 2 days of
authorization
●● What is the interchange rate charged for trnasactions that clear for
EIRF?
a. 1.54% + $.10
b. 2.70% + $.10
c. 2.30% + $.10
d. 1.85% + $.10.
Answer: c. 2.30% + $.10
●● How is a merchant's effective rate calculated?
a. Discount rate x average ticket
b. Sum of Qualified, Mid- and Non-Qualified fees
c. Total fees divided by total sales
d. Number of transactions x transaction fee.
Answer: c. Total fees divided by total sales
●● What does surcharge / bill back mean on a merchant's statement?
