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American Bankers Association CRCM Exam - Topic 3 Question 71 Discussion

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:
B) For beginning at least 3 days before and ending at least 10 days after the broadcast
A) For the warning regarding the limitation of the rate as a measurement of cost
C) For required disclosures in advertisements
D) For an advertisement accessed in electronic form

American Bankers Association CRCM Exam - 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:

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Suggested Answer: B

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

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Stanton
10 months ago
B sounds off, I don’t think timing should matter that much.
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Elin
11 months ago
I think it’s C, required disclosures are key!
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Brande
11 months ago
Wait, are you sure about that? Seems a bit confusing.
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Thad
11 months ago
Totally agree, it's all about transparency in ads!
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Willodean
11 months ago
A percentage rate can't be more prominent than other disclosures, except for certain warnings.
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Talia
12 months ago
I vaguely recall that electronic ads have different rules, but I can't remember if that relates to prominence. Is it D?
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Sanda
12 months ago
I’m a bit confused about the exceptions. Wasn't there something about warnings being more prominent? I might lean towards A.
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Carey
12 months ago
This question feels familiar; I think we practiced a similar one about required disclosures. Could it be option C?
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Hermila
1 year ago
I think I remember something about the prominence of disclosures, but I'm not sure if it applies to all types of ads.
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Mireya
1 year ago
Hmm, I'm a bit confused here. Is it just about TACACS or do we need to consider Active Directory as well? I'll need to think this through carefully.
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Anthony
1 year ago
This is a tricky one, but I'm confident I can figure it out. I'll carefully read through each option and select the three that best match the client's requirement.
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Lashawn
1 year ago
Okay, I've got this. The answer is A, initializeUnorderedBulk. I'm sure I've used that operation before for bulk document insertions.
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German
1 year ago
Wait, did they just throw in an electronic form exception to see if we're paying attention? This is like a finance version of the Konami code - gotta keep your eyes peeled for those hidden rules!
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Harley
1 year ago
D) For an advertisement accessed in electronic form
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Almeta
1 year ago
C) For required disclosures in advertisements
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Lindsey
1 year ago
A) For the warning regarding the limitation of the rate as a measurement of cost
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Cherrie
1 year ago
I'm feeling lucky today, so I'm going to go with B. Something about the specific timeline of 3 days before and 10 days after the broadcast just seems like the kind of random detail they'd throw in as the exception. Fingers crossed!
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Stephanie
1 year ago
Hmm, I'm not sure about this one. Let me think it through... Oh, I got it! The answer must be A. The warning about the limitation of the rate as a measurement of cost is the only one that makes sense as an exception. Gotta love these finance regulations, am I right?
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Juliana
1 year ago
Haha, this question is tricky! I'm going to go with C. The wording about 'required disclosures' makes me think that's the exception they're looking for. Can't wait to see if I'm right!
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Jerry
1 year ago
User 3: I agree with Halina, A) seems like the exception they're looking for.
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Paulene
1 year ago
User 3: I agree, C seems like the exception they're looking for.
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Halina
1 year ago
User 2: I'm not sure, but I think it might be D) for an advertisement accessed in electronic form.
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Phuong
1 year ago
User 2: Yeah, that makes sense. Let's see if we're right!
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Bettye
1 year ago
User 1: I think it's A) for the warning regarding the limitation of the rate as a measurement of cost.
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Felix
1 year ago
User 1: I think it's C too. Required disclosures seem important.
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Tawanna
1 year ago
I think the answer is D. The question states that the percentage rate cannot be more prominent than any other disclosure, except for an advertisement accessed in electronic form. That makes sense, since the electronic format allows for more flexibility in how the information is presented.
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Vernell
1 year ago
I agree, the answer is D. Electronic form advertisements have different presentation options.
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Nan
1 year ago
C) For required disclosures in advertisements
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Leonard
1 year ago
A) For the warning regarding the limitation of the rate as a measurement of cost
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Val
1 year ago
That makes sense too, but I still think A is the best choice for this question.
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Clement
2 years ago
I disagree, I believe the answer is C, as required disclosures should always be prominent.
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Val
2 years ago
I think the answer is A, because the warning about the limitation of the rate is crucial.
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Casie
2 years 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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Malinda
2 years 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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Millie
2 years 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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