American Bankers Association Exam CRCM Topic 1 Question 105 Discussion

Actual exam question for American Bankers Association's CRCM exam

Question #: 105
Topic #: 1

[All CRCM Questions]

Transfers involving entries to accounts maintained at two different Reserve Banks are:

AFedwire transfers

BInterdistrict transfers

CIntradistrict transfers

DAny one of these

Show Suggested Answer

Suggested Answer: D

by Joseph at Jan 15, 2025, 04:40 PM

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5 days ago

Wait, isn't Fedwire the answer? I thought that was for any kind of electronic funds transfer between banks.

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8 days ago

Interdistrict transfers, definitely. Fedwire is for transfers within the same Reserve Bank district.

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10 days ago

I'm not sure, but I think it could also be B) Interdistrict transfers since it involves accounts at different Reserve Banks.

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11 days ago

Hmm, I think this has to be an interdistrict transfer, since it involves accounts at different Reserve Banks.

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19 days ago

I agree with Antonio, Fedwire transfers make sense for transfers between Reserve Banks.

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25 days ago

I think the answer is A) Fedwire transfers.

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