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Free CRCM Exam Braindumps (page: 141)

Page 141 of 344
PDF with 463 Questions

Payment to a beneficiary is made at the earlier of the time when:

  1. The payment order is credited to the beneficiary's account or when notice of the credit is sent to the beneficiary
  2. The amount is credited to the receiving bank's account at the Reserve Bank or when the payment order is sent to the receiving bank
  3. The amount is debited to the receiving bank's account at the Reserve Bank or when the payment order is sent to the receiving bank
  4. The payment order is debited to the beneficiary's account or when notice of the credit is sent to the beneficiary

Answer(s): A



Payment to a beneficiary is made at the earlier of the time when:

  1. The payment order is credited to the beneficiary's account or when notice of the credit is sent to the beneficiary
  2. The amount is credited to the receiving bank's account at the Reserve Bank or when the payment order is sent to the receiving bank
  3. The amount is debited to the receiving bank's account at the Reserve Bank or when the payment order is sent to the receiving bank
  4. The payment order is debited to the beneficiary's account or when notice of the credit is sent to the beneficiary

Answer(s): A



Payment to a beneficiary is made at the earlier of the time when:

  1. The payment order is credited to the beneficiary's account or when notice of the credit is sent to the beneficiary
  2. The amount is credited to the receiving bank's account at the Reserve Bank or when the payment order is sent to the receiving bank
  3. The amount is debited to the receiving bank's account at the Reserve Bank or when the payment order is sent to the receiving bank
  4. The payment order is debited to the beneficiary's account or when notice of the credit is sent to the beneficiary

Answer(s): A



Which of the following primary purpose/s were behind the Electronic Fund Transfer Act (EFTA)?

  1. To provide disclosures to consumers who use electronic fund transfer (EFT) systems
  2. To provide consumers with limitations on liability for unauthorized electronic fund transfers
  3. Both A and B
  4. None of these

Answer(s): C



Page 141 of 344



Post your Comments and Discuss Banking CRCM exam with other Community members:

LeAnne Hair commented on August 24, 2023
#229 in incorrect - all the customers require an annual review
UNITED STATES
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LeAnne Hair commented on August 24, 2023
#229 in incorrect - all the customers require an annual review
UNITED STATES
upvote

LeAnne Hair commented on August 24, 2023
I think question 204 has an incorrect solution. It should be D-Regulation E
UNITED STATES
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Igor commented on April 10, 2020
Guys, leave no stones unturned. Try to study every questions and anything other supplementary material you have. The exam is not easy. I just wrote mine and if it wss not for these questions I would have not have passed it.
BULGARIA
upvote

Lori commented on July 20, 2017
I had a good result. Worth the money.
UNITED STATES
upvote

Chipps commented on July 20, 2017
Studying from this dump helped me understand the concept and what comes in the exam. But I only get about 80 to 85% of the questions not 100% as it is claimed. Well... still good enough to pass.
UNITED STATES
upvote