American Bankers Association Exam CTFA Topic 2 Question 59 Discussion

Actual exam question for American Bankers Association's CTFA exam

Question #: 59
Topic #: 2

[All CTFA Questions]

Who is responsible for accounting for customer remittance advices and the agent's current account?

AAccounts department

BCustomer release policy

CPayment policy

DPremium collection department

Show Suggested Answer

Suggested Answer: A

by Art at Feb 11, 2024, 02:56 AM

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Jarod

1 months ago

Honestly, if the answer isn't 'Accounts department,' I'm going to demand a refund on this exam. It's a no-brainer!

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Chuck

4 days ago

A) Accounts department

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Karl

1 months ago

You know, I heard the Accounts department has a secret handshake they use to keep track of all the remittance advices. It's like an ancient accounting ritual or something.

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Nell

1 months ago

Finally, a question I can sink my teeth into! The Premium collection department? Really? That's like asking the janitor to do the CEO's taxes. Clearly, it's the Accounts department.

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Marylyn

8 days ago

It's important to have the right department handling these tasks for accuracy.

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Lauran

12 days ago

Definitely, the Accounts department is the one responsible for accounting for customer remittance advices.

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Susana

18 days ago

I agree, the Premium collection department seems like an odd choice.

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Lizette

1 months ago

Wait, is this a trick question? I'm pretty sure the Customer release policy and Payment policy have nothing to do with this. Gotta be the Accounts department.

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Helene

19 days ago

Definitely not the Customer release policy or Payment policy.

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Becky

24 days ago

Yeah, the Premium collection department wouldn't be responsible for this.

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Dorethea

1 months ago

I agree, it must be the Accounts department.

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Vicente

2 months ago

Actually, I believe it's the premium collection department that is responsible for accounting for customer remittance advices.

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Janet

2 months ago

Hmm, I think the Accounts department would be responsible for handling customer remittance advices and the agent's current account. It's their bread and butter, you know?

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