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Exam 201-Commercial-Banking-Functional Topic 1 Question 41 Discussion
Salesforce Exam 201-Commercial-Banking-Functional Topic 1 Question 41 Discussion
Actual exam question for Salesforce's Salesforce nCino 201 Commercial Banking Functional Exam exam
Question #: 41
Topic #: 1
[All Salesforce nCino 201 Commercial Banking Functional Exam Questions]
Covenants are automatically marked active when:
A
The loan is paid off
B
30 days before the Next Evaluation Date
C
The Loan is Booked
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Suggested Answer:
C
by
Emelda
at
Jul 05, 2024, 11:11 AM
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Armando
24 days ago
C, all the way. Covenants are like the spicy salsa of the loan world - you gotta have 'em from the very beginning!
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Sherly
25 days ago
B, for sure. 30 days before the evaluation date seems like the perfect time to activate those covenants. Gotta stay on top of that stuff, you know?
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Oneida
26 days ago
This question is making my head spin. I'm just going to guess and hope for the best. Maybe I should have studied more...
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Evangelina
27 days ago
I'm gonna have to go with A. What's the point of a covenant if it's not active until the loan is paid off? That's just silly.
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Rene
28 days ago
Definitely C. The covenants are marked active when the loan is booked, not when it's paid off or before the evaluation date. Easy peasy!
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Myra
2 days ago
Yes, that's correct. It's important to remember when the covenants become active.
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Alex
15 days ago
I agree, it's definitely C. The covenants are marked active when the loan is booked.
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Elke
2 months ago
That's true, it could be that option as well. It depends on the specific terms of the loan agreement.
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Lang
2 months ago
Hmm, I'm not sure about this one. I want to say C, but I could be wrong. Guess I need to review my loan covenant knowledge.
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Yaeko
1 months ago
C) The Loan is Booked
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Reena
1 months ago
B) 30 days before the Next Evaluation Date
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Arthur
1 months ago
A) The loan is paid off
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Cyndy
2 months ago
But the answer options include 30 days before the Next Evaluation Date too.
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Elke
2 months ago
I believe it's when the loan is booked.
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Arlie
2 months ago
I think it's B. The covenants are marked active 30 days before the Next Evaluation Date. That makes the most sense to me.
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Felicidad
1 months ago
Actually, I think it's C. The covenants are marked active when the loan is booked, not 30 days before the evaluation date.
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Veronica
1 months ago
I agree, I think it's B as well. It gives enough time to review and prepare for the evaluation.
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Cyndy
2 months ago
I think covenants are marked active when the loan is paid off.
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Armando
24 days agoSherly
25 days agoOneida
26 days agoEvangelina
27 days agoRene
28 days agoMyra
2 days agoAlex
15 days agoElke
2 months agoLang
2 months agoYaeko
1 months agoReena
1 months agoArthur
1 months agoCyndy
2 months agoElke
2 months agoArlie
2 months agoFelicidad
1 months agoVeronica
1 months agoCyndy
2 months ago