Free Salesforce 201-Commercial-Banking-Functional Exam Actual Questions

The questions for 201-Commercial-Banking-Functional were last updated On Jan 12, 2025

Question No. 1

True or False? Collateral Management records should be created for each loan they are associated with.

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Correct Answer: A

Question No. 2

What is the proper way to enter in a weight value of 50 percent for Risk Grade?

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Correct Answer: A

Question No. 3

Once the Covenant Compliance record is set to Compliant status, the Next Evaluation Date on the parent Covenant automatically moves forward based on the frequency set on the parent Covenant. This is accomplished via workflow rules and can be customized.

Which of the following is necessary for a sync with records coming from the Core?

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Correct Answer: B

Question No. 4

Collateral pledged impacts which calculation?

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Correct Answer: B

Question No. 5

___________ is used to notate the reasons for denial of the Loan - and after approval, this record is stored on the Loan page for future reference.

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Correct Answer: D