AIWMI Exam CCRA-L2 Topic 5 Question 101 Discussion

Actual exam question for AIWMI's CCRA-L2 exam

Question #: 101
Topic #: 5

[All CCRA-L2 Questions]

Which of the following are types of bank guarantee?

ADeferred and Term

BFinancial and Performance

CUsance and Sight

Show Suggested Answer

Suggested Answer: B

by Afton at Sep 13, 2024, 03:12 PM

Limited Time Offer

25%

Off

Get Premium CCRA-L2 Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

Submit Cancel

Ryann

2 months ago

I'm going to have to roll the dice on this one. Maybe I'll get lucky and pick the right answer, just like a bank guarantee lottery!

upvoted 0 times

Chauncey

18 days ago

I hope you pick the right one!

upvoted 0 times

...

Luis

20 days ago

C) Usance and Sight

upvoted 0 times

...

Emile

26 days ago

B) Financial and Performance

upvoted 0 times

...

Gail

2 months ago

A) Deferred and Term

upvoted 0 times

...

Olen

2 months ago

Wait, is there a 'None of the above' option? Because I'm starting to doubt all of these choices. Bank guarantees can be so confusing!

upvoted 0 times

...

Deonna

2 months ago

Personally, I'd go with A) Deferred and Term. Those sound like the types of bank guarantees I've heard about in my line of work.

upvoted 0 times

Carlton

1 months ago

C) Usance and Sight are less common types of bank guarantees, but still have their uses in certain situations.

upvoted 0 times

...

Dorinda

1 months ago

I think B) Financial and Performance are also important types of bank guarantees to consider.

upvoted 0 times

...

Rolland

2 months ago

I agree, A) Deferred and Term are common types of bank guarantees used in business transactions.

upvoted 0 times

...

Terrilyn

2 months ago

Hmm, I'm not so sure about that. I think C) Usance and Sight might be the correct answer. Isn't that related to the payment terms of the guarantee?

upvoted 0 times

Vincenza

2 months ago

C) Usance and Sight guarantees are related to the payment terms, you are correct.

upvoted 0 times

...

Merissa

2 months ago

B) Financial and Performance guarantees are related to the purpose of the guarantee.

upvoted 0 times

...

Natalie

2 months ago

A) Deferred and Term guarantees are related to the timing of payment.

upvoted 0 times

...

Hyman

3 months ago

Actually, both Financial and Performance, as well as Deferred and Term, are types of bank guarantee.

upvoted 0 times

...

Trina

3 months ago

I believe it's Deferred and Term.

upvoted 0 times

...

Stephanie

3 months ago

I'm pretty sure the answer is B) Financial and Performance. Those are the two main types of bank guarantees, right?

upvoted 0 times

Malika

2 months ago

That's correct. Financial and Performance are the two main types of bank guarantees.

upvoted 0 times

...

Alyssa

2 months ago

I think you're right. Those are the main types of bank guarantees that are commonly used.

upvoted 0 times

...

Terry

3 months ago

Yes, you are correct. Financial and Performance are indeed types of bank guarantees.

upvoted 0 times

...

Hyman

3 months ago

I think the types of bank guarantee are Financial and Performance.

upvoted 0 times

...