American Bankers Association Exam CRCM Topic 2 Question 45 Discussion

Actual exam question for American Bankers Association's CRCM exam

Question #: 45
Topic #: 2

Which of the following elements is NOT required to be in a repurchase agreement between a bank that is a government securities dealer and a counterparty?

AA statement that the funds are not insured by the FDIC

BA list of the specific securities that are the subject of the agreement

CA provision for substitution of securities if they can be substituted

DA statement that the bank is a regulated government securities dealer

Show Suggested Answer

Suggested Answer: D

by Sheridan at May 05, 2022, 01:00 AM

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