Deal of The Day! Hurry Up, Grab the Special Discount - Save 25% - Ends In 00:00:00 Coupon code: SAVE25
Welcome to Pass4Success

- Free Preparation Discussions
Mail Us support@pass4success.com
Location US
Mob_nav_barsMENU

American Bankers Association Exam CRCM Topic 9 Question 100 Discussion

Actual exam question for American Bankers Association's CRCM exam
Question #: 100
Topic #: 9
[All CRCM Questions]

First National Bank has an employee benefit program whereby all bank employees who meet the bank's credit underwriting standards may obtain consumer loans for major purchases or expenses at a rate that is less than the bank's prime rate. Can the bank allow its executive officers to borrow under this program?

Show Suggested Answer Hide Answer
Suggested Answer: D

by Melissa at Sep 14, 2024, 06:28 AM

Limited Time Offer

25%

Off

Get Premium CRCM Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

Submit Cancel
India
22 days ago
Ah, the old 'executive privilege' clause. I wonder if it's written in invisible ink on the back of their business cards.
upvoted 0 times
...
Tambra
1 months ago
Wait, the bank has an 'employee benefit program'? I thought their main benefit was just keeping their jobs!
upvoted 0 times
...
Ammie
1 months ago
This is a classic case of 'the rules don't apply to me' mentality. I bet the executives are trying to find a loophole to get a better deal. Not on my watch!
upvoted 0 times
Dahlia
3 days ago
A) No. Executive officers may not have preferential interest rates under any circumstances.
upvoted 0 times
...
Leigha
7 days ago
This is a classic case of 'the rules don't apply to me' mentality. I bet the executives are trying to find a loophole to get a better deal. Not on my watch!
upvoted 0 times
...
Whitley
15 days ago
B) No. However, the related interests of the executive officers may take advantage of it.
upvoted 0 times
...
Vernell
18 days ago
A) No. Executive officers may not have preferential interest rates under any circumstances.
upvoted 0 times
...
...
An
1 months ago
Collateral? Really? That seems like overkill. As long as the executives are meeting the same credit standards as everyone else, they should be able to get the same rate, no questions asked.
upvoted 0 times
...
Cheryl
1 months ago
Hold on, I think the key here is that the program has to be available to everyone at the bank. If that's the case, then the executives should be able to take advantage of it too.
upvoted 0 times
...
Sherita
2 months ago
But what if the program is available to everyone at the bank? Shouldn't the executives be able to participate as well?
upvoted 0 times
...
Vinnie
2 months ago
Hmm, this is a tricky one. I'm pretty sure the bank can't give its executives any special treatment, even if it's part of an employee benefit program.
upvoted 0 times
Ashanti
13 days ago
I agree, executives should not receive special treatment when it comes to loans.
upvoted 0 times
...
Farrah
29 days ago
A) No. Executive officers may not have preferential interest rates under any circumstances.
upvoted 0 times
...
...
Tyisha
2 months ago
I agree with Theresia. It wouldn't be fair to other employees if the executives get special treatment.
upvoted 0 times
...
Theresia
2 months ago
I think the bank should not allow executive officers to borrow at a preferential rate.
upvoted 0 times
...

Save Cancel