American Bankers Association Exam CRCM Topic 7 Question 104 Discussion

Actual exam question for American Bankers Association's CRCM exam

Question #: 104
Topic #: 7

[All CRCM Questions]

A bank may include all of the following in the narrative portion of its financial disclosure except for one. Which of these pieces of information CANNOT be disclosed?

AInformation relating to mergers and acquisitions

BInformation related to a regulatory enforcement action that currently applies to the bank

CAn excerpt from the latest regulatory examination prepared by the bank's regulatory agency

DThe bank's future plans for product development

Show Suggested Answer

Suggested Answer: D

by Coral at Dec 06, 2024, 05:04 AM

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Barb

1 months ago

I'm just hoping I don't get audited after this exam. Then again, maybe I should ask the bank for a job, since they seem to be masters of keeping things under wraps!

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Willard

1 months ago

Ooh, this is a tough one. I'm feeling a bit mischievous, so I'm going to say A. Mergers and acquisitions? That's like the bank's version of celebrity gossip. Can't have that getting out, right?

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Noah

2 months ago

I'm feeling lucky, so I'm going to go with B. Regulatory enforcement actions? No way they'd want to spill the beans on that. It's like airing their dirty laundry in public.

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Kristel

11 days ago

I'm going to stick with my gut and say D. Revealing future plans for product development could give competitors an advantage.

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Layla

15 days ago

I agree with you. C sounds like something a bank wouldn't want to disclose.

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Ricki

24 days ago

I'm not so sure about that. I'm leaning towards C. The latest regulatory examination seems like sensitive information.

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Gladys

28 days ago

I think it's A. Mergers and acquisitions are usually disclosed in financial reports.

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Brittani

2 months ago

I'm going with D. The bank's future product development plans? That's probably sensitive information they wouldn't want to share. Gotta keep those juicy details under wraps.

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Tiara

15 days ago

A: Definitely. It's all about maintaining a strategic edge in the market.

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Berry

16 days ago

B: Yeah, I agree. It's important for the bank to keep certain information private to protect their competitive advantage.

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Gregg

21 days ago

A: I think you're right. The bank's future plans for product development should be kept confidential.

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Angella

3 months ago

I disagree, I think it's C. An excerpt from the latest regulatory examination should not be disclosed.

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Justine

3 months ago

Hmm, I think the answer is C. Disclosing an excerpt from the latest regulatory examination would be a big no-no. Can't let the public see what the regulators really think, am I right?

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