American Bankers Association CRCM Exam - Topic 4 Question 112 Discussion

Actual exam question for American Bankers Association's CRCM exam

Question #: 112
Topic #: 4

[All CRCM Questions]

The Reserve Bank may recover by charging any account on its books maintained by the sender if:

AThe Reserve Bank makes written demand to sender to assume defense of the proceeding

BAny action by the Reserve Bank within is the scope of its authority in handling the item

CThe sender has not made any other payment arrangement acceptable to the Reserve Bank

DThere is any warranty made by the Reserve Bank

Show Suggested Answer

Suggested Answer: A, C

by Erasmo at Jun 15, 2025, 06:05 PM

Limited Time Offer

25%

Off

Get Premium CRCM Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

Submit Cancel

Melvin

2 months ago

I’m not sure about D. Warranties from a bank? Sounds odd!

upvoted 0 times

...

Gilma

2 months ago

C is also a valid point, but B feels more comprehensive.

upvoted 0 times

...

Kathrine

2 months ago

Wait, can they really charge any account? That seems a bit extreme.

upvoted 0 times

...

Fallon

3 months ago

Agreed, B makes the most sense!

upvoted 0 times

...

Hubert

3 months ago

I think it's definitely B. They have to act within their authority.

upvoted 0 times

...

Burma

3 months ago

I don’t recall much about warranties in this context, so I’m leaning away from option D. It seems less likely to be the right answer.

upvoted 0 times

...

Lorrine

3 months ago

I feel like option A could be relevant, especially if they need to formally demand something from the sender. It’s a bit unclear though.

upvoted 0 times

...

Glen

4 months ago

I remember practicing a question about payment arrangements, so option C might be the answer, but I need to double-check the wording.

upvoted 0 times

...

Claribel

4 months ago

I think option B sounds familiar since it relates to the Reserve Bank's authority, but I'm not completely sure if that's the right choice.

upvoted 0 times

...

Roxane

4 months ago

This is a good test of my understanding of the Reserve Bank's authority. I'll need to think through the details and make sure I'm not missing anything.

upvoted 0 times

...

Dahlia

4 months ago

I feel pretty confident about this one. The question is asking about the specific circumstances where the Reserve Bank can take this action, and I think I know the right answer.

upvoted 0 times

...

Gilberto

4 months ago

Okay, let's see. The key seems to be understanding the conditions under which the Reserve Bank can recover by charging an account. I'll read through the options carefully.

upvoted 0 times

...

Devora

5 months ago

Hmm, I'm a little unsure about this one. The wording is a bit tricky, and I want to make sure I understand all the details before selecting an answer.

upvoted 0 times

...

Stefany

5 months ago

This question seems pretty straightforward. I think I can eliminate a few options and then carefully consider the remaining ones.

upvoted 0 times

...

Vince

8 months ago

I'm not sure, but I think it could also be D. If there is a warranty made by the Reserve Bank, they might be able to recover by charging the account.

upvoted 0 times

...

Becky

8 months ago

I agree with Lajuana, because if the sender hasn't made any other payment arrangement, the Reserve Bank can recover by charging the account.

upvoted 0 times

...

James

8 months ago

This question is making my head spin! But I'm pretty sure the answer is C. The Reserve Bank doesn't mess around when it comes to getting their money back.

upvoted 0 times

Marylin

7 months ago

I agree, the Reserve Bank means business when it comes to recovering their money.

upvoted 0 times

...

Hubert

8 months ago

I think you're right, C sounds like the correct answer.

upvoted 0 times

...

Agustin

8 months ago

I'd go with C. The Reserve Bank likes to keep things tidy, so if the sender hasn't made an acceptable payment arrangement, they're gonna come knocking on that account.

upvoted 0 times

...

Alfreda

8 months ago

Definitely B. The Reserve Bank can recover as long as it's acting within the scope of its authority. They're the experts, after all.

upvoted 0 times

...

Lajuana

8 months ago

I think the answer is C.

upvoted 0 times

...

Tawny

8 months ago

Hmm, I'm not sure. But I know the Reserve Bank has some serious power when it comes to recovering funds. They're like the financial superheroes, swooping in to save the day!

upvoted 0 times

...

Mitsue

8 months ago

I think the answer is C. The Reserve Bank can recover by charging the sender's account if the sender hasn't made any other payment arrangement acceptable to the Reserve Bank.

upvoted 0 times