American Bankers Association Exam CRCM Topic 10 Question 47 Discussion

Actual exam question for American Bankers Association's CRCM exam

Question #: 47
Topic #: 10

Which of the following actions is NOT a custodial requirement of the Government Securities Act?

AKeeping possessory government securities in a vault with dual control access

BSegregating government securities from bank assets

CKeeping government securities free of liens, claims, and charges.

DIssuing safekeeping receipts for securities

Show Suggested Answer

Suggested Answer: A

by Joseph at May 05, 2022, 07:40 PM

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