AGA Exam CGFM Topic 2 Question 62 Discussion

Actual exam question for AGA's CGFM exam

Question #: 62
Topic #: 2

[All CGFM Questions]

All of the following are core banking services EXCEPT:

AInvestment management

BSecurity services

CReconciliation Services

DConcentration and Zero balance

Show Suggested Answer

Suggested Answer: A

by Zona at Nov 18, 2024, 06:13 AM

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Effie

4 months ago

D) Concentration and Zero balance? Sounds like a bank account for superheroes or something. I'll steer clear of that one.

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Leatha

4 months ago

B) Security services are important for protecting your funds.

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Fletcher

4 months ago

A) Investment management is definitely a core banking service.

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Rebbeca

5 months ago

B) Security services? Really? I thought that was, like, a basic requirement for any bank these days. Gotta keep those hackers out, you know?

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Gregg

3 months ago

D) Concentration and Zero balance

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Josephine

3 months ago

C) Reconciliation Services

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Genevive

3 months ago

B) Security services

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Paola

4 months ago

A) Investment management

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Mitsue

5 months ago

Hmm, this is a tough one. I'll go with C) Reconciliation Services. That's more of an accounting thing, not a core banking function.

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Lilli

4 months ago

Concentration and Zero balance services are also important for managing accounts efficiently.

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Marjory

4 months ago

Investment management and security services are definitely core banking services.

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Carolann

4 months ago

I agree, core banking services are more about managing deposits and loans.

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Jamey

4 months ago

I think you're right, C) Reconciliation Services seems more like an accounting function.

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Dahlia

4 months ago

I'm not sure, but D) Concentration and Zero balance doesn't sound like a core banking service to me.

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Henriette

5 months ago

I think A) Investment management is also not a core banking service.

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Joanne

5 months ago

I agree, C) Reconciliation Services seems more like an accounting function.

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Lisbeth

5 months ago

I'm not sure, but I think B) Security services is also not a core banking service.

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Sommer

5 months ago

I agree with Rosalia, because investment management is not a core banking service.

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Rosalia

5 months ago

I think the answer is A) Investment management.

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Bonita

5 months ago

I'm going with A) Investment management. Banks don't really do that these days, it's more for brokerage firms and wealth managers.

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Stefany

4 months ago

Concentration and zero balance services are crucial for efficient cash management.

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Jonelle

4 months ago

Reconciliation services are definitely important for banks to ensure accuracy.

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Josephine

4 months ago

I think security services are more essential for banks to provide.

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Dorothea

4 months ago

I agree, investment management is not typically a core banking service.

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Melda

5 months ago

D) Concentration and Zero balance - that's not a core banking service, it's just for managing cash flow. Definitely the correct answer here.

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Becky

5 months ago

D) Concentration and Zero balance

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Fallon

5 months ago

C) Reconciliation Services

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Shalon

5 months ago

B) Security services

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Judy

5 months ago

A) Investment management

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