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Exam CRCM topic 1 question 273 discussion

Actual exam question from ABA's CRCM
Question #: 273
Topic #: 1
[All CRCM Questions]

Which of the following would NOT be acceptable under the Bank Bribery Act and the relevant guidelines?

  • A. A luncheon paid for by a bank customer after a transaction is closed
  • B. A gift of a hunting rifle to a loan officer from a borrower at Christmas
  • C. The gift of a gold watch to a loan officer from a customer who is the loan NOTES officer's cousin
  • D. An award of a writing pen and pencil set to a bank officer by a civic organization
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Suggested Answer: B 🗳️

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Cam22
4 months ago
Selected Answer: B
Under the Bank Bribery Act and relevant guidelines, accepting a hunting rifle from a borrower at Christmas would likely not be acceptable. Accepting such a significant gift, especially in the context of a business relationship, could raise concerns about potential conflicts of interest, bribery, or improper influence.
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