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Free CRCM Exam Braindumps (page: 202)

Page 202 of 344
PDF with 463 Questions

Mills Company, Inc., is a manufacturing company with a working capital line of credit from First National Bank. The credit agreement governing the loan states that Mills cannot obtain additional unsecured credit without the approval of the bank. Mills believes that such a clause violates the Bank Holding Company Act's anti-tying clause. Does it?

  1. Yes. It is a restraint of trade.
  2. Yes, unless the bank will reasonably allow additional credit at Mills's request.
  3. No, since this clause relates to the soundness of the credit
  4. No, unless the bank refuses to grant additional credit to Mills itself

Answer(s): C



Which of the following would NOT be acceptable under the Bank Bribery Act and the relevant guidelines?

  1. A luncheon paid for by a bank customer after a transaction is closed
  2. A gift of a hunting rifle to a loan officer from a borrower at Christmas
  3. The gift of a gold watch to a loan officer from a customer who is the loan NOTES officer's cousin
  4. An award of a writing pen and pencil set to a bank officer by a civic organization

Answer(s): B



Which of the following would NOT be acceptable under the Bank Bribery Act and the relevant guidelines?

  1. A luncheon paid for by a bank customer after a transaction is closed
  2. A gift of a hunting rifle to a loan officer from a borrower at Christmas
  3. The gift of a gold watch to a loan officer from a customer who is the loan NOTES officer's cousin
  4. An award of a writing pen and pencil set to a bank officer by a civic organization

Answer(s): B



Which of the following would NOT be acceptable under the Bank Bribery Act and the relevant guidelines?

  1. A luncheon paid for by a bank customer after a transaction is closed
  2. A gift of a hunting rifle to a loan officer from a borrower at Christmas
  3. The gift of a gold watch to a loan officer from a customer who is the loan NOTES officer's cousin
  4. An award of a writing pen and pencil set to a bank officer by a civic organization

Answer(s): B



Page 202 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
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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