American Bankers Association Exam CRCM Topic 1 Question 65 Discussion

Actual exam question for American Bankers Association's CRCM exam

Question #: 65
Topic #: 1

[All CRCM Questions]

What is the definition of a ''small'' business under CRA rules?

AEmploys fewer than 50 people

BHas assets of less than $5 million

CProduces gross annual revenues of $1 million or less

DDoes not generally have access to regional or national credit markets

Show Suggested Answer

Suggested Answer: B

by Leota at Feb 04, 2023, 05:15 PM

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2 days ago

I think it's a business that produces gross annual revenues of $1 million or less.

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4 days ago

I think the correct answer is C. $1 million or less in gross annual revenue seems like a reasonable definition of a 'small' business under CRA rules.

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5 days ago

I believe it's a business with assets of less than $5 million.

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6 days ago

I think a small business is one that employs fewer than 50 people.

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