American Bankers Association CRCM Exam - Topic 6 Question 49 Discussion

Actual exam question for American Bankers Association's CRCM exam

Question #: 49
Topic #: 6

[All CRCM Questions]

When is it possible for a bank to be exempted from compliance with some of the Government Securities Act custodial regulations?

AWhen the bank maintains its securities in the ordinary course of business

BWhen the bank has procedures in place to make sure it complies with the custodial regulations of its federal regulatory agency

CWhen the bank does not hold itself out as a government securities broker or dealer

DWhen the bank uses more than the normal standard of care when maintaining possession and control of securities

Show Suggested Answer

Suggested Answer: B

by Britt at May 08, 2022, 07:19 AM

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5 months ago

A bank can be exempt if it doesn't act as a government securities broker.

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I've got this! The answer is A - ORDER BY 1, LNAME DESC. The 1 in the ORDER BY clause refers to the first column in the SELECT statement, which is city. And LNAME DESC will sort the last names in descending order. Easy peasy!

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Dorthy

6 months ago

Okay, let's see. I know that SIL involves testing the software without the actual hardware, so I'll need to focus on the key aspects of that approach.

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Jeannine

6 months ago

Hmm, I'm a bit unsure about this one. The goals seem pretty clear, but I want to make sure I understand the differences between the options before selecting an answer.

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Sabra

6 months ago

This looks like a straightforward question about synchronizing content between on-premise and cloud instances of ACS. I'll need to think carefully about the key features required for this.

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American Bankers Association CRCM Exam - Topic 6 Question 49 Discussion

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