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Exam CRCM topic 1 question 132 discussion

Actual exam question from ABA's CRCM
Question #: 132
Topic #: 1
[All CRCM Questions]

Which of the following does an extension of credit NOT include?

  • A. An advance by means of an overdraft or cash item
  • B. The making or renewal of any loan or granting of a line of credit
  • C. An advance against accrued salary
  • D. An acquisition of a note on which an insider is a maker, drawer, or guarantor
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Suggested Answer: C 🗳️

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Cam22
4 months ago
Selected Answer: C
C - The question is in the guide
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