American Bankers Association Exam CRCM Topic 3 Question 71 Discussion

Actual exam question for American Bankers Association's CRCM exam

Question #: 71
Topic #: 3

[All CRCM Questions]

In Advertising-12 CFR 213.7, if a percentage rate is used in an advertisement, it cannot be more prominent than any other disclosure, EXCEPT:

AFor the warning regarding the limitation of the rate as a measurement of cost

BFor beginning at least 3 days before and ending at least 10 days after the broadcast

CFor required disclosures in advertisements

DFor an advertisement accessed in electronic form

Show Suggested Answer

Suggested Answer: B

by Delisa at Jul 05, 2023, 03:58 AM

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8 days ago

That makes sense too, but I still think A is the best choice for this question.

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10 days ago

I disagree, I believe the answer is C, as required disclosures should always be prominent.

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11 days ago

I think the answer is A, because the warning about the limitation of the rate is crucial.

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13 days ago

I'm not sure, but I think it's important for the rate disclosure to be clear and not overshadowed by other information in the advertisement.

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14 days ago

I agree with Millie, because the warning about the rate's limitation is crucial for consumers to understand the true cost.

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16 days ago

I think the answer is A) For the warning regarding the limitation of the rate as a measurement of cost.

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