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: 90)

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






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

CRCM Discussions & Posts