American Bankers Association Exam CRCM Topic 1 Question 105 Discussion

Actual exam question for American Bankers Association's CRCM exam

Question #: 105
Topic #: 1

[All CRCM Questions]

Transfers involving entries to accounts maintained at two different Reserve Banks are:

AFedwire transfers

BInterdistrict transfers

CIntradistrict transfers

DAny one of these

Show Suggested Answer

Suggested Answer: D

by Joseph at Jan 15, 2025, 04:40 PM

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Horace

2 months ago

Gotta be option B, interdistrict transfers. That's the only one that makes sense for accounts at different Reserve Banks.

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Monroe

1 months ago

Intradistrict transfers are for transfers within the same district, so it can't be option C either.

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Reita

1 months ago

Fedwire transfers are for transfers within the same Reserve Bank, so it can't be option A.

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Brendan

2 months ago

I agree, option B, interdistrict transfers, is the correct choice for transfers between accounts at different Reserve Banks.

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Leah

3 months ago

Haha, I bet the answer is 'Any one of these' just to confuse us all. These exams are the worst!

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Charolette

1 months ago

Let's hope for the best and trust our instincts.

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Leoma

1 months ago

I think you might be right, it could be 'Any one of these'.

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Chan

2 months ago

I know, these exams always have tricky questions.

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Deonna

3 months ago

Wait, isn't Fedwire the answer? I thought that was for any kind of electronic funds transfer between banks.

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Mona

1 months ago

That's right, Fedwire transfers are a type of electronic funds transfer used for interdistrict transfers.

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Ocie

1 months ago

So, Fedwire transfers are specifically for transfers between accounts at different Reserve Banks.

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Janna

2 months ago

Fedwire transfers are indeed used for transfers between accounts at different Reserve Banks.

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Jose

2 months ago

Yes, Fedwire transfers are the correct answer.

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Belen

3 months ago

Interdistrict transfers, definitely. Fedwire is for transfers within the same Reserve Bank district.

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Candra

2 months ago

Yes, Fedwire is only for transfers within the same Reserve Bank district.

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Lindsey

3 months ago

Interdistrict transfers are the way to go.

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Lisha

3 months ago

I'm not sure, but I think it could also be B) Interdistrict transfers since it involves accounts at different Reserve Banks.

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Irma

3 months ago

Hmm, I think this has to be an interdistrict transfer, since it involves accounts at different Reserve Banks.

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Nadine

3 months ago

I agree with Antonio, Fedwire transfers make sense for transfers between Reserve Banks.

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Antonio

4 months ago

I think the answer is A) Fedwire transfers.

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