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APRP EXAM 2025| BRAND NEW ACTUAL EXAM
WITH 100% VERIFIED QUESTIONS AND
CORRECT SOLUTIONS| GUARANTEED VALUE
PACK| ACE YOUR GRADES.
1. Systemic Risk - correct answer - Risk that the inability or
unwillingness of one funds transfer system participant to settle
its commitments will cause other participants to be unable to
settle their commitments.
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2. Counterparty Risk - correct answer - Risk to each party of a
contract that the counterparty will not live up to its contractual
obiligations.
3. Risk Acceptance with Treatment - correct answer - Risks that
are monitored and reviewed to ensure they remain within the
risk appetite.
4. Originator - correct answer - Sender of the payment order in a
funds or securities transfer.
5. Authentication Factor - correct answer - Something a person is,
something a person knows or something a person has.
6. Risk Assessment - correct answer - Step in the BCP process
that evaluates business processes and BIA assumptions using
various threat scenarios.
7. Business Impact Analysis - correct answer - Step in the BCP
process that indentifies the potential impact of uncontrolled,
non-specific events on an institution's business processes.
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8. Vulnerability Analysis - correct answer - Systematic
examination of an informantion system or product to determine
the adquacy of security measures and identify security
deficiencies.
9. Device Identification - correct answer - Technique used to
establish a "fingerprint identity" of a user's computer or other
web access device.
10. Federal Reserve Bank Operating Circular 5 (OC 5) - correct
answer - Terms under which an institution may access certain
services and applications provided by a Federal Reserve Bank
and under which an institution may send or receive data from a
Federal Reserve Bank by means of an electronic connection.
11. Full-Interruption/Full-Scale Test - correct answer - Testing
method involves a simulated real-life emergency and all or
portions of the business continuity plan (BCP) are implemented
by processing data/transactions using back-up media at the
recovery site.
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12. ACH Operator - correct answer - The central clearing facility
for ACH transactions.
13. Acquirer (Processor, Merchant Bank or Merchant Processor)
- correct answer - The financial instituion that contracts with a
merchant to initiate payment requests to a card association or
company in the context of credit an debit card payments.
14. Bank of First Deposit (Payee's Depository Financial
Institution) - correct answer - The first bank to which a check is
deposited or transferred.
15. Payor (Check Writer, Maker, or Drawer) - correct answer -
The party obligated to pay on a check.
16. Payee - correct answer - The party to whom a check is made
payable.
17. Commercial wholeale credits, including wire transfers and
CCD/CTX credits - correct answer - Transactions governed by
UCC 4A.
APRP EXAM 2025| BRAND NEW ACTUAL EXAM
WITH 100% VERIFIED QUESTIONS AND
CORRECT SOLUTIONS| GUARANTEED VALUE
PACK| ACE YOUR GRADES.
1. Systemic Risk - correct answer - Risk that the inability or
unwillingness of one funds transfer system participant to settle
its commitments will cause other participants to be unable to
settle their commitments.
, Page | 2
2. Counterparty Risk - correct answer - Risk to each party of a
contract that the counterparty will not live up to its contractual
obiligations.
3. Risk Acceptance with Treatment - correct answer - Risks that
are monitored and reviewed to ensure they remain within the
risk appetite.
4. Originator - correct answer - Sender of the payment order in a
funds or securities transfer.
5. Authentication Factor - correct answer - Something a person is,
something a person knows or something a person has.
6. Risk Assessment - correct answer - Step in the BCP process
that evaluates business processes and BIA assumptions using
various threat scenarios.
7. Business Impact Analysis - correct answer - Step in the BCP
process that indentifies the potential impact of uncontrolled,
non-specific events on an institution's business processes.
, Page | 3
8. Vulnerability Analysis - correct answer - Systematic
examination of an informantion system or product to determine
the adquacy of security measures and identify security
deficiencies.
9. Device Identification - correct answer - Technique used to
establish a "fingerprint identity" of a user's computer or other
web access device.
10. Federal Reserve Bank Operating Circular 5 (OC 5) - correct
answer - Terms under which an institution may access certain
services and applications provided by a Federal Reserve Bank
and under which an institution may send or receive data from a
Federal Reserve Bank by means of an electronic connection.
11. Full-Interruption/Full-Scale Test - correct answer - Testing
method involves a simulated real-life emergency and all or
portions of the business continuity plan (BCP) are implemented
by processing data/transactions using back-up media at the
recovery site.
, Page | 4
12. ACH Operator - correct answer - The central clearing facility
for ACH transactions.
13. Acquirer (Processor, Merchant Bank or Merchant Processor)
- correct answer - The financial instituion that contracts with a
merchant to initiate payment requests to a card association or
company in the context of credit an debit card payments.
14. Bank of First Deposit (Payee's Depository Financial
Institution) - correct answer - The first bank to which a check is
deposited or transferred.
15. Payor (Check Writer, Maker, or Drawer) - correct answer -
The party obligated to pay on a check.
16. Payee - correct answer - The party to whom a check is made
payable.
17. Commercial wholeale credits, including wire transfers and
CCD/CTX credits - correct answer - Transactions governed by
UCC 4A.
