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

28 days 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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Brendan

9 days ago

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

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Leah

1 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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Chan

18 days ago

I know, these exams always have tricky questions.

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Deonna

1 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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Janna

3 days ago

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

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Jose

29 days ago

Yes, Fedwire transfers are the correct answer.

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Belen

2 months ago

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

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Candra

29 days ago

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

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Lindsey

1 months ago

Interdistrict transfers are the way to go.

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Lisha

2 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

2 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

2 months ago

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

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Antonio

2 months ago

I think the answer is A) Fedwire transfers.

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