AGA CGFM Exam - Topic 2 Question 62 Discussion

Actual exam question for AGA's CGFM exam

Question #: 62
Topic #: 2

[All CGFM Questions]

All of the following are core banking services EXCEPT:

AInvestment management

BSecurity services

CReconciliation Services

DConcentration and Zero balance

Show Suggested Answer

Suggested Answer: A

by Zona at Nov 18, 2024, 06:13 AM

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Rana

7 months ago

Concentration and zero balance are definitely not core banking.

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Raymon

8 months ago

I thought reconciliation was a core service, not sure about this.

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Ezekiel

8 months ago

Wait, are security services really not core?

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Reena

8 months ago

Totally agree, investment management is separate!

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Lyda

8 months ago

Core banking services don't include investment management.

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Tennie

9 months ago

I’m torn between A and C. I know investment management isn’t typical for banks, but reconciliation services also seem a bit off.

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Jenelle

9 months ago

I feel like concentration and zero balance accounts are more specialized services, not really core. Maybe that's the answer?

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Leonida

9 months ago

I remember a practice question that mentioned security services as part of core banking, but I can't recall if reconciliation services were included.

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Luis

9 months ago

I think core banking services usually focus on things like deposits and loans, so I'm not sure if investment management fits in there.

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Charisse

9 months ago

I've got this! Investment management is the one that's not a core banking service, the others all sound like standard offerings.

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Alaine

9 months ago

Okay, let me break this down. Investment management, security services, and reconciliation services all sound like core banking services. Concentration and zero balance must be the exception.

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Coleen

9 months ago

Hmm, I'm not entirely sure about the differences between these banking services. I'll have to think this through carefully.

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Lemuel

9 months ago

This question seems straightforward, I should be able to identify the core banking service that is not listed.

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Effie

2 years ago

D) Concentration and Zero balance? Sounds like a bank account for superheroes or something. I'll steer clear of that one.

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Leatha

2 years ago

B) Security services are important for protecting your funds.

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Fletcher

2 years ago

A) Investment management is definitely a core banking service.

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Rebbeca

2 years ago

B) Security services? Really? I thought that was, like, a basic requirement for any bank these days. Gotta keep those hackers out, you know?

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Gregg

1 year ago

D) Concentration and Zero balance

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Josephine

2 years ago

C) Reconciliation Services

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Genevive

2 years ago

B) Security services

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Paola

2 years ago

A) Investment management

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Mitsue

2 years ago

Hmm, this is a tough one. I'll go with C) Reconciliation Services. That's more of an accounting thing, not a core banking function.

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Lilli

2 years ago

Concentration and Zero balance services are also important for managing accounts efficiently.

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Marjory

2 years ago

Investment management and security services are definitely core banking services.

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Carolann

2 years ago

I agree, core banking services are more about managing deposits and loans.

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Jamey

2 years ago

I think you're right, C) Reconciliation Services seems more like an accounting function.

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Dahlia

2 years ago

I'm not sure, but D) Concentration and Zero balance doesn't sound like a core banking service to me.

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Henriette

2 years ago

I think A) Investment management is also not a core banking service.

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Joanne

2 years ago

I agree, C) Reconciliation Services seems more like an accounting function.

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Lisbeth

2 years ago

I'm not sure, but I think B) Security services is also not a core banking service.

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Sommer

2 years ago

I agree with Rosalia, because investment management is not a core banking service.

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Rosalia

2 years ago

I think the answer is A) Investment management.

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Bonita

2 years ago

I'm going with A) Investment management. Banks don't really do that these days, it's more for brokerage firms and wealth managers.

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Stefany

2 years ago

Concentration and zero balance services are crucial for efficient cash management.

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Jonelle

2 years ago

Reconciliation services are definitely important for banks to ensure accuracy.

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Josephine

2 years ago

I think security services are more essential for banks to provide.

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Dorothea

2 years ago

I agree, investment management is not typically a core banking service.

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Melda

2 years ago

D) Concentration and Zero balance - that's not a core banking service, it's just for managing cash flow. Definitely the correct answer here.

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Becky

2 years ago

D) Concentration and Zero balance

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Fallon

2 years ago

C) Reconciliation Services

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Shalon

2 years ago

B) Security services

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Judy

2 years ago

A) Investment management

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