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Exam Code: HQT-1000

Exam Name: Hitachi Vantara Qualified Professional - Sales Foundation

Version: V15.35

Q & A: 208 Questions and Answers

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Answer: C

Which of the following practices is authorized by the Federal Reserve Act?
A. An agreement by a bank that it is responsible for the obligations of its subsidiary
B. The sale of a nonaccruing loan from a bank to its bank affiliate
C. The acceptance of an affiliate's securities of an affiliate as collateral for a NOTES bank's loan from the bank to the affiliate
D. A bank's purchase, in its fiduciary capacity, of the affiliate's assets if the fiduciary instrument allows for such a purchase
Answer: D

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