American Bankers Association CRCM Exam - Topic 5 Question 87 Discussion

Actual exam question for American Bankers Association's CRCM exam

Question #: 87
Topic #: 5

Payroll card accounts established directly or indirectly by an employer for the purpose of electronically transferring an employee's wages, salary, or other compensation on a recurring basis, are covered by:

ARegulation E

BRegulation T

CRegulation CC

DRegulation Z

Show Suggested Answer

Suggested Answer: D

by Nathalie at May 11, 2024, 07:32 PM

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Candida

5 months ago

Just to clarify, it's about electronic transfers.

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Robt

5 months ago

Really? I had no idea payroll cards were covered!

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Jolanda

6 months ago

Nope, it's Regulation E for sure.

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Earleen

6 months ago

I thought it was Regulation Z?

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Minna

6 months ago

Definitely Regulation E!

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Tatum

6 months ago

I practiced a similar question, and I believe it was also about electronic transfers, which pointed to Regulation E as the right answer.

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Dorian

6 months ago

I thought Regulation Z was about credit, but I'm not entirely clear on how it relates to payroll cards.

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Ammie

7 months ago

I remember studying about different regulations, and I feel like Regulation E covers electronic payments, including payroll cards.

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Devora

7 months ago

I think payroll cards are related to electronic transfers, so it might be Regulation E, but I'm not completely sure.

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Paola

7 months ago

I'm a little unsure on this one. I know Regulation E deals with electronic fund transfers, but I want to make sure that specifically includes payroll cards before I answer.

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Valda

7 months ago

I remember learning about Regulation E covering things like payroll cards, so I think I've got this one. I'll double-check my notes just to be sure.

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Gracie

7 months ago

Okay, let me see. Payroll cards are related to electronic fund transfers, so I'm guessing Regulation E is the right answer here.

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Brittani

7 months ago

Hmm, I'm not totally sure about this one. I'll need to think it through carefully to make sure I don't miss anything.

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Kattie

7 months ago

This one seems pretty straightforward. I'm pretty confident Regulation E covers payroll card accounts.

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Lyndia

7 months ago

Ah, I see the key is to ensure the preshared keys and peer identity are properly configured on both sides. Option B and D seem like the most likely solutions.

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Lettie

7 months ago

Interesting. The options mention different possibilities, like the father being a key, read-write, or read-only. I'll need to carefully consider each one and see which one best fits the context of the pyang tree output.

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Margart

7 months ago

I feel pretty confident about this one. The best method is to compare the behavior analyst's own observations of the student's performance to the data collected by the teacher. That way you can directly assess the accuracy of the teacher's data.

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Dante

7 months ago

Hmm, I'm a little unsure about the differences between these licensing models. I'll need to think through each option to determine which one is the BEST description.

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Ines

12 months ago

Regulation CC? That's for check clearing, isn't it? I'm pretty confident Regulation E is the right choice here. Can't wait to see what the instructor says about this one!

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