Certified Regulatory Compliance Manager (CRCM) — Question 172

Transfers involving entries to accounts maintained at two different Reserve Banks are:

Answer options

• A. Fedwire transfers
• B. Interdistrict transfers
• C. Intradistrict transfers
• D. Any one of these

Correct answer: B

Explanation

The correct answer is B, Interdistrict transfers, as these specifically refer to the movement of funds between accounts at different Reserve Banks. A, Fedwire transfers, are a method of transferring funds but do not specifically denote the accounts being at different banks. C, Intradistrict transfers, involve accounts within the same Reserve Bank and are therefore not applicable. D, Any one of these, is incorrect because only Interdistrict transfers pertain to the scenario described.