ExamTopics Logo
Mail Us[email protected]
Menu
Aba Discussions
exam questions

Exam CRCM All Questions

View all questions & answers for the CRCM exam
Go to Exam

Exam CRCM topic 1 question 128 discussion

Actual exam question from ABA's CRCM
Question #: 128
Topic #: 1
[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?

  • A. No. Executive officers may not have preferential interest rates under any circumstances.
  • B. No. However, the related interests of the executive officers may take advantage of it.
  • C. Yes. However, executive officers must secure their loans with collateral valued at 100 percent of the loan balance or more.
  • D. Yes. Provided the program is available to everyone at the bank as an employee benefit, executive officers may also participate.
Show Suggested Answer Hide Answer
Suggested Answer: D 🗳️
by Cam22 at March 16, 2024, 2:16 a.m.

Comments

Chosen Answer:
This is a voting comment (?). It is better to Upvote an existing comment if you don't have anything to add.
Switch to a voting comment New
Submit Cancel
Cam22
4 months ago
Selected Answer: D
D is correct
upvoted 1 times
...
Community vote distribution
A (35%)
C (25%)
B (20%)
Other
Most Voted
A voting comment increases the vote count for the chosen answer by one.

Upvoting a comment with a selected answer will also increase the vote count towards that answer by one. So if you see a comment that you already agree with, you can upvote it instead of posting a new comment.

SaveCancel
exam
Someone Bought Contributor Access for:
SY0-701
London, 1 minute ago