American Bankers Association CRCM Exam - Topic 2 Question 32 Discussion

Actual exam question for American Bankers Association's CRCM exam

Question #: 32
Topic #: 2

[All CRCM Questions]

Under the Interagency Statement on Retail Sales of Nondeposit Investment Products what disclosure must the bank's investment sales representative make to the customer?

AThe bank's regulatory agency

BThe sales commission resulting from the investment purchase

CThat the investment product is not guaranteed by the bank

DThe arbitration procedure for resolving disputes over investment advice

Show Suggested Answer

Suggested Answer: C

by Casie at May 06, 2022, 07:41 PM

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Melissa

4 months ago

I thought they didn’t have to say anything about the bank's regulatory agency.

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Lavonda

4 months ago

The sales commission is also a must, right?

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Odette

4 months ago

Wait, are you sure they have to disclose that?

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Luisa

4 months ago

Totally agree, that’s super important info!

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Sharee

5 months ago

Gotta disclose that the investment isn't guaranteed by the bank.

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Carry

5 months ago

This seems like a tricky one. I'll need to carefully consider the different fraud risk scenarios presented and think about which one is most likely based on the information provided.

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Marta

5 months ago

This question seems straightforward, but I want to make sure I understand the key factors that affect the attractiveness of an international assignment. I'll need to carefully consider each option.

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Gracie

5 months ago

I've got this! The second law of OPSEC is all about knowing what you need to protect, so the answer has to be B. Solid strategy there.

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Alyssa

5 months ago

This one seems pretty straightforward. I'm pretty confident that the answer is D, Confidentiality.

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Wava

5 months ago

I'm feeling pretty confident about this one. The steps are straightforward - type the formula, highlight the input range, and use the Ctrl+Shift+Enter shortcut. Should be a breeze!

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