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 284 discussion

Actual exam question from ABA's CRCM
Question #: 284
Topic #: 1
[All CRCM Questions]

Which of the following is NOT a corporate practice required of bank holding companies?

  • A. Each bank subsidiary must file a notice with the Federal Reserve before offering a new product.
  • B. Each bank subsidiary must conduct its operations in a safe and sound manner.
  • C. Each bank subsidiary must be insured by the FDIC.
  • D. Each bank subsidiary must file a notice with the Federal Reserve before purchasing any of its own securities.
Show Suggested Answer Hide Answer
Suggested Answer: A 🗳️
by Cam22 at March 17, 2024, 3:20 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: C
While it is common for bank subsidiaries to be insured by the Federal Deposit Insurance Corporation (FDIC) to protect depositors' funds, this requirement is not strictly a corporate practice of bank holding companies. Rather, it is a regulatory requirement for banks themselves to ensure the safety of customer deposits.
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