APRP ACTUAL SCRIPT 2026 WITH VERIFIED
SOLUTIONS
◉ FedWire Funds are final and irrevocable upon completion of
processing by the...
Answer: Federal Reserve Banks
◉ A security procedure is not considered commercially reasonable
for a wire transfer if...
Answer: The security procedure is only compared to a signature
◉ Real-time Payments (RTP) allows a financial institution to limit its
exposure risk by...
Answer: Utilizing prefunding
◉ The duration of exposure risk for a financial institution when
originating ACH debit entries is
Answer: the period from when entries are released to the ACH
Operator, through the time entries can no longer be returned by the
RDFI
, ◉ Establishes net debit caps on the amount of Reserve Bank daylight
credit that a depository institution may use during a single day or
over a 2 week reserve maintenance period.
Answer: Payment System Risk Policy
◉ Requires a paying bank return a check such that it is received by
the BOFD by 2:00pm local time on the 2nd business day following
the date of presentment?
Answer: Reg CC expeditious return
◉ Enterprise Risk Management is (COSO)
Answer: The culture, capabilities, and practices that organizations
integrate within their strategy to manage risk and preserve and
realize value
◉ an effective BSA/AML/OFAC compliance program consists of...
Answer: Board approved written policies, procedures and processes
to prevent money laundering and terrorist financing
◉ The amount of risk, on a broad level, an entity is willing to accept
in the pursuit of value
Answer: Risk appetite
SOLUTIONS
◉ FedWire Funds are final and irrevocable upon completion of
processing by the...
Answer: Federal Reserve Banks
◉ A security procedure is not considered commercially reasonable
for a wire transfer if...
Answer: The security procedure is only compared to a signature
◉ Real-time Payments (RTP) allows a financial institution to limit its
exposure risk by...
Answer: Utilizing prefunding
◉ The duration of exposure risk for a financial institution when
originating ACH debit entries is
Answer: the period from when entries are released to the ACH
Operator, through the time entries can no longer be returned by the
RDFI
, ◉ Establishes net debit caps on the amount of Reserve Bank daylight
credit that a depository institution may use during a single day or
over a 2 week reserve maintenance period.
Answer: Payment System Risk Policy
◉ Requires a paying bank return a check such that it is received by
the BOFD by 2:00pm local time on the 2nd business day following
the date of presentment?
Answer: Reg CC expeditious return
◉ Enterprise Risk Management is (COSO)
Answer: The culture, capabilities, and practices that organizations
integrate within their strategy to manage risk and preserve and
realize value
◉ an effective BSA/AML/OFAC compliance program consists of...
Answer: Board approved written policies, procedures and processes
to prevent money laundering and terrorist financing
◉ The amount of risk, on a broad level, an entity is willing to accept
in the pursuit of value
Answer: Risk appetite
