American Bankers Association Exam CRCM Topic 7 Question 42 Discussion

Actual exam question for American Bankers Association's CRCM exam

Question #: 42
Topic #: 7

Which of the following bank policies does NOT comply with the Interagency Policy Statement on the Retail Sales of Nondeposit Investments?

ASupervisors and sales personnel will receive compensation based on the volume of sales each department achieves as well as the effectiveness of the department's ability to find suitable investments for customers.

BAll bank employees engaged in the sale of nondeposit investments will provide the bank's required disclosures to all customers before the purchase of a nondeposit investment product.

CNo teller will discuss nondeposit investment products with a bank customer.

DTellers and new accounts personnel will receive a $25 fee for all customers referred to the nondeposit investment department on the customer's purchase of an investment product.

Show Suggested Answer

Suggested Answer: D

by Catalina at May 09, 2022, 12:55 PM

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