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Exam CRCM topic 1 question 288 discussion

Actual exam question from ABA's CRCM
Question #: 288
Topic #: 1
[All CRCM Questions]

A subsidiary of First National Bank can legally participate in all but one of the following businesses. In which business may the subsidiary NOT legally participate?

  • A. Selling securities
  • B. Selling insurance
  • C. Developing real estate
  • D. Providing financial planning advice
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Suggested Answer: C 🗳️

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Cam22
2 months ago
Selected Answer: C
Banks and their subsidiaries are subject to various regulations that define what activities they can engage in. Generally, national banks and their subsidiaries can participate in financial and closely related activities
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