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American Bankers Association CRCM Exam - Topic 5 Question 38 Discussion

Actual exam question for American Bankers Association's CRCM exam
Question #: 38
Topic #: 5
[All CRCM Questions]

Generally, a financial institution is required to ascertain if securities certificates they have taken by pledge, transfer, or otherwise have been reported as missing, lost, counterfeit, or stolen. When is it NOT required to take such actions?

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Suggested Answer: A

by Jolanda at May 05, 2022, 02:15 AM

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Avery
4 months ago
Just to clarify, A is the standard practice for issuers.
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Elvera
4 months ago
D? Really? That sounds too easy, I’m not sure about that.
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Aracelis
4 months ago
C seems a bit off. Why would the value matter?
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Flo
4 months ago
I disagree with B. Knowing someone doesn’t guarantee the certificate's validity.
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Letha
5 months ago
A is correct! No need to check if it’s from the issuer.
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Lemuel
5 months ago
I'm a little unsure about this one. I know the investment account needs to be adjusted, but I'm not sure if it's increased or decreased. I'll have to review the concepts around accounting for investments with little influence before making my final choice.
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Giuseppe
5 months ago
Ugh, Scrum artifacts, I always get those mixed up. Let me think... Product Backlog, Sprint Backlog, and... hmm, what's the other one? I feel like I'm missing something obvious here. Okay, I'll just take a guess and move on.
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Reita
5 months ago
I feel like I saw a question about rotating images in another practice set, but I can't recall if it was specifically about the 9:16 aspect ratio.
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Nickie
5 months ago
I'm feeling pretty confident about this one. The full-interruption test is the one that shuts down the primary site and shifts operations to the recovery site, so that's got to be the answer. I'll go with B.
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Jamal
5 months ago
Hmm, the diagram shows some kind of layered architecture, but I'm not sure which one it represents. I'll need to refresh my memory on the details of each mobile OS to make the right call.
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Dexter
5 months ago
This one seems pretty straightforward. I think the answer is A - Certification and accreditation (C&A). That's the process where key stakeholders agree that the system has adequate security controls.
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