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Exam CRCM topic 1 question 166 discussion

Actual exam question from ABA's CRCM
Question #: 166
Topic #: 1
[All CRCM Questions]

Any of the following foreign correspondents for which the Federal Reserve maintains an account EXCEPT:

  • A. A foreign bank
  • B. A foreign banker's Lessee
  • C. A foreign state
  • D. A foreign correspondent or agency
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Suggested Answer: B 🗳️
by Cam22 at March 16, 2024, 9:42 p.m.

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Dex24
6 months, 2 weeks ago
B, page 612 of the online book version.
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Cam22
8 months, 3 weeks ago
Selected Answer: C
The Federal Reserve may maintain accounts for foreign banks, foreign bankers' lessees, foreign correspondents, or agencies. However, it does not typically maintain accounts for foreign states.
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C (25%)
B (20%)
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