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American Bankers Association CRCM Exam - Topic 7 Question 70 Discussion

Actual exam question for American Bankers Association's CRCM exam
Question #: 70
Topic #: 7
[All CRCM Questions]

Records that must be retained for deposit accounts include which of the following?

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Suggested Answer: D

by Bette at May 29, 2023, 11:27 PM

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Flo
7 months ago
Yup, all of these are essential for compliance!
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Elenor
7 months ago
I thought the TIN wasn't that important for deposits.
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King
7 months ago
Wait, do we really need to keep all currency transaction records?
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Mertie
7 months ago
Overdraft history is a must too!
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Salena
7 months ago
Definitely need to keep track of the average daily balance.
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Josephine
8 months ago
The customer's TIN seems important for tax purposes, but I wonder if it's required to keep that on file for deposit accounts.
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Lelia
8 months ago
I feel like all amounts of currency deposited or withdrawn should definitely be retained, but I can't recall if it was specifically listed in our materials.
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Avery
8 months ago
I remember a practice question that mentioned overdraft history as a key record to retain. It seems crucial for tracking customer behavior.
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Leigha
8 months ago
I think we discussed the importance of keeping an average daily balance for compliance, but I'm not entirely sure if it's mandatory.
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Dierdre
8 months ago
Hmm, I'm not totally sure about this one. I think it might be A, Ingress network, but I'm not 100% certain.
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Annamae
8 months ago
Hmm, I'm a bit unsure here. Should I just notify the staff members of the threat, or is there more I should be doing? I want to make sure I'm covering all my bases.
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Rueben
8 months ago
I'm not sure about that. I thought the Anticipation function was about forecasting demand?
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Remedios
8 months ago
I'm a bit confused on this one. I know the control schedule process has inputs, but I can't recall what they all are off the top of my head. I'll have to review my notes and the PMBOK to make sure I get this right.
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