201-COMMERCIAL-BANKING-FUNCTIONAL Online Practice Questions and Answers

True or False: A Limit or a Sub Limit adds additional exposure to the overall hierarchy.

A. True

B. False

A "Standard Fee" is defined as: (Choose 3) A. A fee that can be queued up automatically to be added to a specific loan product

B. A fee that can be queued up automatically to be added when a loan hits a specific stage

C. Any fee that a Financial Institution might add to a loan

D. A fee that can be queued up automatically with a preset amount

E. A fee that exists as an option in the "Fee Type" Picklist on the Fee Object

An Advance Rate override will impact which record?

A. Collateral Type

B. Collateral Pledged

C. Collateral Management

D. All of the Above

What determines the available choices of Product Line, Product Type, and Product picklists?

A. Field Level Security

B. Field Dependencies

C. Clickback protection

D. Workflow + Field update

What is the name of the junction object that typically ties Loans and Deposits to Relationships?

A. Entity Engagement

B. Collateral Management

C. Entity Involvement

D. Connection Plus

What objects are standard supported for Document Manager?

A. Loan

B. Relationship

C. Deposits

D. Collateral

E. Treasury Services

F. Product Package

G. All of the Above

True or False: Risk Grade Groups can be associated with Multiple Risk Grade Templates.

A. True

B. False

True or False: Updating the Status of the Covenant Management record will generate a Covenant Compliance record.

A. True

B. False

True or False: When Creating a New Route you should always click the New Button.

A. True

B. False

What Collateral MGMT Placeholders are generated in Loan Docman when Collateral is pledged?

A. Those flagged with "Import Me" checkbox

B. All Placeholders

C. 5 Oldest Placeholders

D. Only Approved Documents

E. Those marked as in file