Deal of The Day! Hurry Up, Grab the Special Discount - Save 25%
- Ends In
00:00:00
Coupon code:
SAVE25
X
Welcome to Pass4Success
Login
|
Sign up
-
Free
Preparation Discussions
Mail Us
support@pass4success.com
Location
US
MENU
Home
Popular vendors
Salesforce
Microsoft
Nutanix
Cisco
Amazon
Google
CompTIA
SAP
VMware
Fortinet
PeopleCert
Eccouncil
HP
Palo Alto Networks
Adobe
ServiceNow
Dell EMC
CheckPoint
Linux Foundation
Discount Deals
New
About
Contact
Login
Sign up
Home
Discussions
Salesforce Discussions
Exam 201-Commercial-Banking-Functional Topic 1 Question 41 Discussion
Salesforce Exam 201-Commercial-Banking-Functional Topic 1 Question 41 Discussion
Actual exam question for Salesforce's Salesforce nCino 201 Commercial Banking Functional Exam exam
Question #: 41
Topic #: 1
[All Salesforce nCino 201 Commercial Banking Functional Exam Questions]
Covenants are automatically marked active when:
A
The loan is paid off
B
30 days before the Next Evaluation Date
C
The Loan is Booked
Show Suggested Answer
Hide Answer
Suggested Answer:
C
by
Emelda
at
Jul 05, 2024, 11:11 AM
Limited Time Offer
25%
Off
Get Premium 201-Commercial-Banking-Functional Questions as Interactive Web-Based Practice Test or PDF
Contribute your Thoughts:
Submit
Cancel
Armando
10 days ago
C, all the way. Covenants are like the spicy salsa of the loan world - you gotta have 'em from the very beginning!
upvoted
0
times
...
Sherly
11 days ago
B, for sure. 30 days before the evaluation date seems like the perfect time to activate those covenants. Gotta stay on top of that stuff, you know?
upvoted
0
times
...
Oneida
12 days ago
This question is making my head spin. I'm just going to guess and hope for the best. Maybe I should have studied more...
upvoted
0
times
...
Evangelina
13 days ago
I'm gonna have to go with A. What's the point of a covenant if it's not active until the loan is paid off? That's just silly.
upvoted
0
times
...
Rene
14 days ago
Definitely C. The covenants are marked active when the loan is booked, not when it's paid off or before the evaluation date. Easy peasy!
upvoted
0
times
Alex
21 hours ago
I agree, it's definitely C. The covenants are marked active when the loan is booked.
upvoted
0
times
...
...
Elke
1 months ago
That's true, it could be that option as well. It depends on the specific terms of the loan agreement.
upvoted
0
times
...
Lang
1 months ago
Hmm, I'm not sure about this one. I want to say C, but I could be wrong. Guess I need to review my loan covenant knowledge.
upvoted
0
times
Yaeko
23 days ago
C) The Loan is Booked
upvoted
0
times
...
Reena
25 days ago
B) 30 days before the Next Evaluation Date
upvoted
0
times
...
Arthur
27 days ago
A) The loan is paid off
upvoted
0
times
...
...
Cyndy
1 months ago
But the answer options include 30 days before the Next Evaluation Date too.
upvoted
0
times
...
Elke
1 months ago
I believe it's when the loan is booked.
upvoted
0
times
...
Arlie
1 months ago
I think it's B. The covenants are marked active 30 days before the Next Evaluation Date. That makes the most sense to me.
upvoted
0
times
Felicidad
27 days ago
Actually, I think it's C. The covenants are marked active when the loan is booked, not 30 days before the evaluation date.
upvoted
0
times
...
Veronica
28 days ago
I agree, I think it's B as well. It gives enough time to review and prepare for the evaluation.
upvoted
0
times
...
...
Cyndy
1 months ago
I think covenants are marked active when the loan is paid off.
upvoted
0
times
...
Log in to Pass4Success
×
Sign in:
Forgot my password
Log in
Report Comment
×
Is the comment made by
USERNAME
spam or abusive?
Commenting
×
In order to participate in the comments you need to be logged-in.
You can
sign-up
or
login
Save
Cancel
Armando
10 days agoSherly
11 days agoOneida
12 days agoEvangelina
13 days agoRene
14 days agoAlex
21 hours agoElke
1 months agoLang
1 months agoYaeko
23 days agoReena
25 days agoArthur
27 days agoCyndy
1 months agoElke
1 months agoArlie
1 months agoFelicidad
27 days agoVeronica
28 days agoCyndy
1 months ago