CompTIA
Checkpoint
ISC
HP
Dell
EC-Council
EXIN
Fortinet
ITIL®
Juniper
PMI
Microsoft
VMware
Avaya
Google
Salesforce
Amazon
Palo Alto Networks
Certiport
ISC2
All Vendors
  2. Home
  3. Exams
  4. Banking
  5. CRCM

Free CRCM Exam Braindumps (page: 89)

Page 89 of 344
PDF with 463 Questions

For which of the following must a bank obtain Form FR U-1 when a loan is in excess of $100,000?

  1. A loan made to purchase margin stock
  2. A loan secured by margin stock
  3. A loan made to purchase margin stock and secured by margin stock
  4. A loan secured by stock (either margin or nonmargin)

Answer(s): B



First National Bank made the following loans to Mr. James Wilson during the previous calendar year:
· Loan A, made on February 2, is a loan for purchasing margin stock and is secured by margin stock
· Loan B, made on March 15, is also for purchasing margin stock and is secured by margin stock
· Loan C, made on June 30, is an unsecured loan for purchasing margin stock · Loan D, made on September 10, is for purchasing a car, secured by the car All the loans are still outstanding at the end of the year. Which of the loans must be combined for purposes of the margin requirements of Regulation U?

  1. All of the loans must be combined
  2. Loans A and B
  3. None of the loans must be combined
  4. Loans A, B, and C

Answer(s): D



First National Bank made the following loans to Mr. James Wilson during the previous calendar year:
· Loan A, made on February 2, is a loan for purchasing margin stock and is secured by margin stock
· Loan B, made on March 15, is also for purchasing margin stock and is secured by margin stock
· Loan C, made on June 30, is an unsecured loan for purchasing margin stock · Loan D, made on September 10, is for purchasing a car, secured by the car All the loans are still outstanding at the end of the year. Which of the loans must be combined for purposes of the margin requirements of Regulation U?

  1. All of the loans must be combined
  2. Loans A and B
  3. None of the loans must be combined
  4. Loans A, B, and C

Answer(s): D



First National Bank made the following loans to Mr. James Wilson during the previous calendar year:
· Loan A, made on February 2, is a loan for purchasing margin stock and is secured by margin stock
· Loan B, made on March 15, is also for purchasing margin stock and is secured by margin stock
· Loan C, made on June 30, is an unsecured loan for purchasing margin stock · Loan D, made on September 10, is for purchasing a car, secured by the car All the loans are still outstanding at the end of the year. Which of the loans must be combined for purposes of the margin requirements of Regulation U?

  1. All of the loans must be combined
  2. Loans A and B
  3. None of the loans must be combined
  4. Loans A, B, and C

Answer(s): D



Page 89 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
upvote

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
upvote

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