CRCM /
Sample
/ /
Exam Questions With Correct Answers
/ // // // //
When /
/reviewing /
/exemptions /
/for /
/continued /
/eligibility /
/under /
/the /
/Bank /
/Secrecy //Act, //a //review //of //which //of //the //following //is //LEAST //helpful? //- //verified //answer(s)-
✔✔Currency //Transaction //Reports //(CTRs)
A/
/number //of //bank //customers //are //members //of //the //Army //Reserve //and //have //been //called //to
//active /
/duty /
/for /
/six //months. //Your //bank's //president //wishes //to //issue //a //press //release //stating //that //the //bank
//will /
/suspend /
/all /
/loan /
/payment /
/requirements /
/while /
/loan /
/holders /
/are /
/on /
,/duty, /
/extend /
/the /
/maturity /
/date /
/of /
/each /
/loan, /
/and /
/permit /
/interest /
/to /
/accrue /
/at /
/only /
/10% /
/while /
/the /
/loan /
/holders /
/are /
/on /
/active /
/duty. /
/You /
/are /
/asked /
/to /
/review /
/the /
/press //release. //Which //of //the //following //statements //represents //the //advice //you //should //give
//the //president? //- //verified //answer(s)-
✔✔Upon /
/request, /
/the /
/bank /
/must /
/reduce /
,/the /
/interest /
/rate /
/on /
/the /
/loans /
/to /
/6% /
/effective /
/on /
/the /
/date /
/that /
/the /
/service /
/members /
/are /
/called //to //report //for //active //duty, //and //remain //at //6% //until //they //are //released //from //orders.
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? //- //verified //answer(s)-
✔✔Identifying /
/the //consumer //protection //regulatory //provisions //on //liability //and //error //resolution.
Under /
/the /
/Interagency /
/Statement /
/on /
/Retail /
/Sales /
/of /
/Nondeposit /
/Investment /
/Products, //the //required //disclosures //can //be //provided //to //the //bank's //customer //in //all //of //the
//following //ways //EXCEPT: //- //verified //answer(s)-
✔✔in //writing //by //a //teller //when //referring //a //customer //to //the //investment //sales //area
You /
/are /
/developing /
/bank /
/procedures /
/for /
/determining /
/when /
/to /
/escalate /
/issues /
/or /
/problems /
/identified /
Sample
/ /
Exam Questions With Correct Answers
/ // // // //
When /
/reviewing /
/exemptions /
/for /
/continued /
/eligibility /
/under /
/the /
/Bank /
/Secrecy //Act, //a //review //of //which //of //the //following //is //LEAST //helpful? //- //verified //answer(s)-
✔✔Currency //Transaction //Reports //(CTRs)
A/
/number //of //bank //customers //are //members //of //the //Army //Reserve //and //have //been //called //to
//active /
/duty /
/for /
/six //months. //Your //bank's //president //wishes //to //issue //a //press //release //stating //that //the //bank
//will /
/suspend /
/all /
/loan /
/payment /
/requirements /
/while /
/loan /
/holders /
/are /
/on /
,/duty, /
/extend /
/the /
/maturity /
/date /
/of /
/each /
/loan, /
/and /
/permit /
/interest /
/to /
/accrue /
/at /
/only /
/10% /
/while /
/the /
/loan /
/holders /
/are /
/on /
/active /
/duty. /
/You /
/are /
/asked /
/to /
/review /
/the /
/press //release. //Which //of //the //following //statements //represents //the //advice //you //should //give
//the //president? //- //verified //answer(s)-
✔✔Upon /
/request, /
/the /
/bank /
/must /
/reduce /
,/the /
/interest /
/rate /
/on /
/the /
/loans /
/to /
/6% /
/effective /
/on /
/the /
/date /
/that /
/the /
/service /
/members /
/are /
/called //to //report //for //active //duty, //and //remain //at //6% //until //they //are //released //from //orders.
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? //- //verified //answer(s)-
✔✔Identifying /
/the //consumer //protection //regulatory //provisions //on //liability //and //error //resolution.
Under /
/the /
/Interagency /
/Statement /
/on /
/Retail /
/Sales /
/of /
/Nondeposit /
/Investment /
/Products, //the //required //disclosures //can //be //provided //to //the //bank's //customer //in //all //of //the
//following //ways //EXCEPT: //- //verified //answer(s)-
✔✔in //writing //by //a //teller //when //referring //a //customer //to //the //investment //sales //area
You /
/are /
/developing /
/bank /
/procedures /
/for /
/determining /
/when /
/to /
/escalate /
/issues /
/or /
/problems /
/identified /
