Question 1

A financial services company needs to add new values for how a customer can be related to a financial account. Which object/field should the administrator add new values on?

Options :

A : Object: Financial Account Role; Field: Role

B : Object: Financial Account; Field: Primary Owner

C : Object: Financial Account; Field: Joint Owner

D : Object: Account-Account Relationship; Field: Related Role

Answer: A

Question 2

Cumulus Bank has branches in multiple countries that are required to report in local currency, while the

corporate headquarters office wishes to see reports in a single currency (the corporate currency).

Which solution should a consultant recommend to meet these requirements?

Options :

A :

Set the default currency for head office and have the regions download their reports to Excel and convert them manually.

B : Use a third party from AppExchange add-on to implement currency conversions.

C :

Enable multiple currencies and advanced currency management, and set a corporate currency for the corporate headquarters office.

D :

Allow users to set their preferred currency in their profile and design reports that convert currencies for the user running the report.

Answer: C

Question 3

Our Personal Banker Hank Burton wants to encourage his customers to provide required documents for a loan application. He creates Document Checklist Items that help his customers to manage file uploads to speed up loan approval. For which of the following records does Salesforce support Document Checklist Items out of the box?

Options :

A : Contact

B : Lead

C : Account

D : Residential Loan Application

E : Opportunity

Answer: A,C,D

Question 4

Which three types of preassembled flows can be utilized from the Financial Services Cloud (FSC) packages and the Lightning Flow for FSC package?

Options :

A : Institutional Banking flow

B : Mortgage flow

C : Insurance flow

D : Retail Banking flows

E : Commercial Banking flow

Answer: B,C,E

Question 5

A client has called their Financial Advisor to open an Education Savings Account for their first child. What 2 steps should the Financial Advisor take in the Financial Services Cloud App to capture that information?

Options :

A : Create a Life Event for the birth of the child and a Referral for the Education Savings Account

B : Create a case and include the target Savings amount for the Education Savings Account and relate the case to the child-s Person Account.

C : Create a Referral for the Banker for an Education Savings Account

D : Create a Life Event for the birth of the child and a Financial Goal for the Education Savings Account

E : Create two Life Events, one for the birth of the child and one for the Education Savings Account.

Answer: A,D

Free IND330 Mock Exam – Practice Online Confidently

Buying Options: