CRCM /
Sample
/ /
Exam 100 Questions With Correct Answers
/ // // // // //
1. //The //bank //is //beginning //e-
banking /
/and /
/wants /
/to /
/deliver //
a/
/full /
/range /
/of /
/consumer /
/electronic /
/services. /
/The /
/compliance /
/manager /
/is //
a/
/member /
/of /
/the /
/project //team. //Which //of //the //following //functions //is //MOST //appropriate //for //the //compliance
//manager //during //the //INITIAL //stages //of //this //project? //
// A. //Drafting //the //content //of //the //electronic //disclosures
// B. //Setting //reasonable //and //competitive //fees //for //the //services //offered
// C. //Determining //which //products //to //include //in //the //electronic //delivery //system
/
/ D. /
,/Identifying /
/the /
/consumer /
/protection /
/regulatory /
/provisions /
/on /
/liability /
/and /
/error /
/resolution //- /
/correct /
/answer(s) /
/✔✔ /
/D. /
/Identifying /
/the //consumer //protection //regulatory //provisions //on //liability //and //error //resolution
2. /
/You /
/have /
/learned /
/that /
/the /
/Consumer //Financial //Protection //Bureau //has //issued //a //proposed //regulation //to //implement //a
//recently /
/enacted /
/federal /
/law. /
/The /
/proposal /
/would /
/have //a //significant //adverse //impact //on //one //of //the //financial //institution's //existing //activities.
//You /
/have /
/prepared //
a/
,/summary /
/of /
/the /
/proposal /
/for /
/management. //Which //of //the //following //actions //is //MOST //appropriate //for //you //to //take? //
// A. //Wait //to //distribute //information //until //the //rule //is //final.
/
/B. /
/Distribute //the //summary //and //begin //efforts //to //comply //with //the //proposed //requirements.
/
/C. /
/Distribute /
/the //summary //and //advise //that //the //financial //institution //may //send //a //comment //letter.
/
/D. /
/Distribute /
/the /
/summary /
/along /
/with /
/guidance /
/on /
/how /
/to /
/lobby /
/Congress /
/to /
/amend /
/the /
/recent /
/law. //- /
/correct /
/answer(s) /
/✔✔ /
/C. /
/Distribute /
/the //summary //and //advise //that //the //financial //institution //may //send //a //comment //letter.
, 3. //
A/
/customer /
/presented /
/$13,000 /
/in /
/cash /
/for /
/deposit /
/to /
/her /
/account. /
/She //withheld //$4,000 //from //the //transaction //when //the //teller //began //to //complete //a //CTR. //In
//this //situation, //the //bank //should //____________. //
// A. //file //the //appropriate //SAR //form //with //respect //to //the //structured //transaction
// B. //make //an //entry //in //its //log //of //cash //sales //of //monetary //instruments
// C. //file //a //CTR //for //the //$13,000 //transaction
/
/D. /
/refuse /
/the /
/transaction //- /
/correct /
/answer(s) /
/✔✔ //A. //file //the //appropriate //SAR //form //with //respect //to //the //structured //transaction
4. /
/An /
/internal /
/fair /
/lending /
/review /
/indicated /
/no /
Sample
/ /
Exam 100 Questions With Correct Answers
/ // // // // //
1. //The //bank //is //beginning //e-
banking /
/and /
/wants /
/to /
/deliver //
a/
/full /
/range /
/of /
/consumer /
/electronic /
/services. /
/The /
/compliance /
/manager /
/is //
a/
/member /
/of /
/the /
/project //team. //Which //of //the //following //functions //is //MOST //appropriate //for //the //compliance
//manager //during //the //INITIAL //stages //of //this //project? //
// A. //Drafting //the //content //of //the //electronic //disclosures
// B. //Setting //reasonable //and //competitive //fees //for //the //services //offered
// C. //Determining //which //products //to //include //in //the //electronic //delivery //system
/
/ D. /
,/Identifying /
/the /
/consumer /
/protection /
/regulatory /
/provisions /
/on /
/liability /
/and /
/error /
/resolution //- /
/correct /
/answer(s) /
/✔✔ /
/D. /
/Identifying /
/the //consumer //protection //regulatory //provisions //on //liability //and //error //resolution
2. /
/You /
/have /
/learned /
/that /
/the /
/Consumer //Financial //Protection //Bureau //has //issued //a //proposed //regulation //to //implement //a
//recently /
/enacted /
/federal /
/law. /
/The /
/proposal /
/would /
/have //a //significant //adverse //impact //on //one //of //the //financial //institution's //existing //activities.
//You /
/have /
/prepared //
a/
,/summary /
/of /
/the /
/proposal /
/for /
/management. //Which //of //the //following //actions //is //MOST //appropriate //for //you //to //take? //
// A. //Wait //to //distribute //information //until //the //rule //is //final.
/
/B. /
/Distribute //the //summary //and //begin //efforts //to //comply //with //the //proposed //requirements.
/
/C. /
/Distribute /
/the //summary //and //advise //that //the //financial //institution //may //send //a //comment //letter.
/
/D. /
/Distribute /
/the /
/summary /
/along /
/with /
/guidance /
/on /
/how /
/to /
/lobby /
/Congress /
/to /
/amend /
/the /
/recent /
/law. //- /
/correct /
/answer(s) /
/✔✔ /
/C. /
/Distribute /
/the //summary //and //advise //that //the //financial //institution //may //send //a //comment //letter.
, 3. //
A/
/customer /
/presented /
/$13,000 /
/in /
/cash /
/for /
/deposit /
/to /
/her /
/account. /
/She //withheld //$4,000 //from //the //transaction //when //the //teller //began //to //complete //a //CTR. //In
//this //situation, //the //bank //should //____________. //
// A. //file //the //appropriate //SAR //form //with //respect //to //the //structured //transaction
// B. //make //an //entry //in //its //log //of //cash //sales //of //monetary //instruments
// C. //file //a //CTR //for //the //$13,000 //transaction
/
/D. /
/refuse /
/the /
/transaction //- /
/correct /
/answer(s) /
/✔✔ //A. //file //the //appropriate //SAR //form //with //respect //to //the //structured //transaction
4. /
/An /
/internal /
/fair /
/lending /
/review /
/indicated /
/no /
