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American Bankers Association CRCM Exam - Topic 5 Question 28 Discussion

Which of the following is a high-net-worth customer?
C) A couple with a net worth of $10 million
A) An individual with $5 million in assets, including her home
B) A corporation with $15 million in revenues
D) An individual who is not acting with his spouse, with $1 million in assets and another $3 million in community property

American Bankers Association CRCM Exam - Topic 5 Question 28 Discussion

Actual exam question for American Bankers Association's CRCM exam
Question #: 28
Topic #: 5
[All CRCM Questions]

Which of the following is a high-net-worth customer?

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Suggested Answer: C

by Blair at May 07, 2022, 09:04 PM

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Argelia
8 months ago
Yeah, C is the clear choice here!
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Nana
9 months ago
I thought it was more like $2 million minimum for high-net-worth.
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Erasmo
9 months ago
Wait, isn't $5 million enough for A to qualify too?
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Kenneth
9 months ago
Definitely C! $10 million is solid.
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Mona
9 months ago
A high-net-worth individual typically has at least $1 million in liquid assets.
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Gearldine
9 months ago
I'm pretty confident the solution is C. The modulo operation finds the remainder, and 8 divided by 3 has a remainder of 3.
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Anglea
9 months ago
I think that the CIV should include the after-tax profits, but I'm a little confused about how it affects the total.
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Bettina
9 months ago
I remember practicing a question like this where we discussed the definitions of assault and battery. I believe battery is the correct answer here.
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Ludivina
9 months ago
Key thing is understanding why you're testing and having a concrete way to evaluate the results. Reason and measurement metrics are crucial.
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Paulina
10 months ago
I'm leaning towards option B since it focuses on granting access to approved devices, which seems like the main function of 802.1X. Didn't we practice a question on this?
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Adria
10 months ago
I've got this! The answer has to be B, data download. The question clearly states that the Pay-As-You-Go method only charges based on the input size, so data download wouldn't be included in the billing.
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