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: Jun 17, 2026

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Question 1

Martha Smith of First National Bank is attempting to close a large commercial loan to a manufacturing equipment company. In negotiating the interest rate on the loan Martha states that if the company will move some of its demand accounts to the bank, it could get a lower interest rate. Is this wrong?

A : Yes. It violates the anti-tying provisions.

B : Yes. It is a restraint of trade.

C : No, unless moving the accounts is a condition of the loan..

D : No. The bank may condition the loan on the customer placing a deposit in the bank.

Answer: D

Question 2

Which of the following is NOT a requirement of Regulation F?

A : Writing and maintaining policies and procedures for managing exposure to correspondent banks

B : Monitoring the exposure to correspondent banks on a regular basis

C : Establishing internal limits on exposure to correspondents

D : Providing quarterly reports to the board of directors of compliance audit results

Answer: D

Question 3

When conducting a records search pursuant to a FinCEN request, what must a bank search?

A : All customer records from the previous five years

B : All accounts maintained within the previous 12 months and transaction records for 6 months

C : Only records that can be electronically searched

D : Nothing; searches are voluntary

Answer: B

Question 4

The Fair Credit Reporting Act (FCRA) became effective in 1971. The purpose of FCRA is to regulate:

A : The consumer credit reporting and related industries to ensure that consumer information is reported in an accurate manner

B : The consumer credit reporting and related industries to ensure that consumer information is reported in a timely manner

C : The consumer credit reporting and related industries to ensure that consumer information is reported in an accurate, timely, and complete manner

D : None of these

Answer: C

Question 5

An electronic image of an item together with electronic information describing that item in anapproved format will be considered a valid instrument. Common forms of instruments are thefollowing EXCEPT:

A : Checks: Drafts drawn on a bank and payable on demand

B : Pay checks

C : Cash items: Checks or other items payable on demand and collectible at par and accepted at the Reserve Bank

D : Noncash items: Items that a Reserve Bank classifies as requiring special handling

Answer: B

Page: 1 / 93

Total 465 Questions | Updated On: Jun 17, 2026

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