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NEW QUESTION: 1
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NEW QUESTION: 2
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B. Complete OSC path
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D. Complete ODU1 path
Answer: B
NEW QUESTION: 3
A compensating balance:
A. Compensates a financial institution for services rendered by providing it with deposits of funds.
B. Is used to compensate for possible losses on a marketable securities portfolio.
C. Is a level of inventory held to compensate for variations in usage rate and lead time.
D. Is the amount of prepaid interest on a loan.
Answer: A
Explanation:
Banks sometimes require a borrower to keep a certain percentage of the face amount of a loan in a noninterest-bearing checking account. This requirement raises the effective rate of interest paid by the borrower. This greater rate compensates a bank for services provided and results in greater profitability for the financial institution. Funds kept as a compensating balance can often be withdrawn if a certain average balance is maintained.
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CPACC Exam Info
In case you haven’t done it yet, we strongly advise in reviewing the below. These are important resources related to the CPACC Exam.
CPACC Exam Topics
Review the CPACC especially if you are on a recertification. Make sure you are still on the same page with what IAAP wants from you.
CPACC Offcial Page
Review the official page for the CPACC Offcial if you haven’t done it already.
Check what resources you have available for studying.
Schedule the CPACC Exam
Check when you can schedule the exam. Most people overlook this and assume that they can take the exam anytime but it’s not case.