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Exam CRCM topic 1 question 127 discussion

Actual exam question from ABA's CRCM
Question #: 127
Topic #: 1
[All CRCM Questions]

How may a bank limit the definition of executive officer?

  • A. By strictly defining, in writing, the duties and responsibilities of the officers to be excluded from the definition
  • B. By passing a board of director's resolution setting forth the bank's definition of an executive officer
  • C. By requiring that those officers to be excluded from the definition not attend loan committee meetings or loan review meetings
  • D. By limiting the amount of confidential information given to those officers to be excluded from the definition
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Suggested Answer: B 🗳️
by Cam22 at March 16, 2024, 2:15 a.m.

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Cam22
4 months ago
Selected Answer: B
B is correct
upvoted 1 times
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