Free American Bankers Association CRCM Exam Questions

Become American Bankers Association Certified with updated CRCM exam questions and correct answers

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Total 465 Questions | Updated On: Jul 28, 2025

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Question 1

Which of the following is the best method for a large bank to use in monitoring its CRA performance?

A : Review the effectiveness of marketing materials.

B : Evaluate approval and denial rates for minority loan applicants.

C : Perform a quarterly evaluation of the bank’s loans-to-deposits ratio.

D : Perform a geographic analysis of lending levels and dispersion of loans.

Answer: D

Question 2

First National Bank would like to adopt a recordkeeping system that complies with the requirementsof Regulation O. Which of the following best describes the recordkeeping system required byRegulation O?

A : A system in which the bank annually surveys all executive officers of First National and its affiliatesto determine the insiders’ related interests

B : A system in which the bank asks all borrowers as loans are made whether the borrower is arelated interest of an insider

C : A system that surveys insiders of First National annually and requires each insider to disclose his orher related interests

D : A system that requires an annual survey of affiliate insiders

Answer: C

Question 3

Under content of disclosures long term disclosures may include the following, as applicable EXCLUDING:

A : Notification that the product is optional

B : Explanation of debt-suspension agreement

C : Lump-sum payment of fee with no refund

D : Refund of fee paid in lump sum

Answer: D

Question 4

James Walker DBA Walker Enterprises has been a customer of the bank for one month. The company told the bank that it would regularly make deposits in excess of $10,000 because it operates several laundromats in the city. The bank performed a background check on the company before opening the account. For its first 30 days, the company made 12 large cash deposits. Can the bank exempt this company now? Why or why not?

A : No. It is a not a corporation, but a sole proprietorship.

B : No. It has not maintained an account at the bank for 12 months.

C : No. It operates an ineligible business.

D : Yes. The bank conducted due diligence on the customer to determine that it had legitimate largecash transactions.

Answer: D

Question 5

Which of the following is NOT a requirement when a bank pays an employee a fee for referring ahigh-net-worth or institutional customer to a broker?

A : The bank must have a written agreement with the broker

B : The bank must give a disclosure to the customer

C : The bank must reasonably believe that the customer is a high net worth or institutional customer

D : The employee must be registered with the bank’s regulatory agency

Answer: D

Page: 1 / 93

Total 465 Questions | Updated On: Jul 28, 2025

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