American Bankers Association Exam CRCM Topic 1 Question 57 Discussion

Actual exam question for American Bankers Association's CRCM exam

Question #: 57
Topic #: 1

Which of the following entities is exempt from the requirements of the Government Securities Act?

AA bank that operates a securities underwriting department to provide underwriting services to issuers of government securities

BA national bank that purchases and sells government securities only in its fiduciary capacity on behalf of clients in its trust department

CA bank that operates a financial advisory service that provides advice to clients on the purchase and sale of government securities

DA bank that operates an investment department to provide investment advice and purchase and sell all types of securities (including government securities) for clients

Show Suggested Answer

Suggested Answer: B

by Lavonda at Aug 21, 2022, 07:43 AM

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