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American Bankers Association CRCM Exam - Topic 3 Question 9 Discussion

On which of the following loans must a bank maintain records under the Bank Secrecy Act?
D) All loans exceeding $10,000, but not secured by real property
A) All loans exceeding $5,000 and secured by real property
B) All loans exceeding $5,000, but not secured by real property
C) All loans exceeding $10,000 and secured by real property

American Bankers Association CRCM Exam - Topic 3 Question 9 Discussion

Actual exam question for American Bankers Association's CRCM exam
Question #: 9
Topic #: 3
[All CRCM Questions]

On which of the following loans must a bank maintain records under the Bank Secrecy Act?

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Suggested Answer: D

by Samira at May 04, 2022, 10:41 AM

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Alethea
8 months ago
Totally agree, A makes the most sense here!
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Therese
9 months ago
Wait, are you sure about that? Seems too low.
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Jamal
9 months ago
A is correct, that's the standard requirement.
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Katlyn
9 months ago
I thought it was just for loans over $10,000?
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Nidia
9 months ago
It's definitely A, all loans over $5,000 secured by real property.
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Audrie
9 months ago
Accessibility seems like the best fit for a measure of how easily members can get the services they need. I'm leaning towards that, but I'll double-check the other options just to be sure.
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Kanisha
9 months ago
Okay, let me see. The key length, state table, and XOR with plaintext - that sounds a lot like RC4 to me. I'm going to go with C.
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Ezekiel
10 months ago
Okay, I think the key here is to identify the organizational assets and processes that would provide the necessary context and direction. I'll carefully consider each option.
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Kiera
10 months ago
I'm a bit unsure, but “to ensure that information is consistent with its legal form” seems a bit off. Isn't that more about compliance?
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