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CRCM Exam - Question 290


Which of the following sources is the least desirable to use when monitoring a correspondent bank's capital?

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Correct Answer: D

When monitoring a correspondent bank's capital, a national newspaper's story on the correspondent bank's financial condition is the least desirable source. This is because newspaper stories may not always provide the most accurate or comprehensive financial information. They can sometimes include inaccuracies, biases, or outdated data. In contrast, reports from rating agencies, the bank's own call report, and the bank's annual report to shareholders are typically more reliable and detailed sources of financial information.

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Cam22Option: D
Mar 17, 2024

D is correct