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American Bankers Association Exam CRCM Topic 1 Question 107 Discussion

Actual exam question for American Bankers Association's CRCM exam
Question #: 107
Topic #: 1
[All CRCM Questions]

As an alternative to providing a periodic statement, a financial institution holding payroll card accounts may make available:

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Suggested Answer: B

by Izetta at Feb 07, 2025, 02:06 PM

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Diane
2 months ago
Options A and C sound a bit too limited. I'm going to play it safe and choose D - a 30-day written history seems like the best compromise.
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Tequila
2 months ago
Ha, I bet the exam writers had a field day coming up with these options. Personally, I'm going with B - can't go wrong with 60 days of electronic history!
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Freeman
1 months ago
Yeah, it's always good to have a longer period of account history available.
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Brandee
2 months ago
I think so too, having a 60-day electronic history is definitely helpful.
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Jean
2 months ago
I agree, option B seems like the most reliable choice.
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Rochell
3 months ago
Hmm, I'm not sure. This is a tricky one. I guess I'll go with C, since a 15-day written history is better than nothing.
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Val
3 months ago
I'm torn between B and D, but I think D might be the better option since a written history is more tangible than just electronic access.
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Kristeen
2 months ago
User 3: Yeah, I also think D is the way to go for better accountability.
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Becky
2 months ago
User 2: I agree, having a tangible record of transactions is important.
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Alida
2 months ago
User 1: I think D is the better option because having a written history is more reliable.
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Eleni
3 months ago
Option B seems like the most comprehensive answer, providing a detailed electronic history of the account for at least 60 days.
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Timothy
25 days ago
I think it's great that they offer such a comprehensive option.
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Clay
1 months ago
It's important to have access to that information when needed.
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Afton
2 months ago
Having a detailed electronic history for at least 60 days is really helpful.
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Kris
3 months ago
I agree, option B does seem like the best choice.
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Elmer
3 months ago
I'm not sure, but I think option C could also be a good choice. Having a written history of account transactions available on request for at least 15 days seems reasonable.
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Aron
3 months ago
I agree with Catina, because providing an electronic history of the account for at least 60 days is more convenient for consumers.
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Catina
4 months ago
I think the answer is B.
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