Free Salesforce Financial-Services-Cloud Exam Questions

Become Salesforce Certified with updated Financial-Services-Cloud exam questions and correct answers

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Total 330 Questions | Updated On: Jan 09, 2025

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Question 1

Financial Advisors can create a financial goal to track a client's progress toward major purchases, retirement

savings, or other life goals. Which statements are correct?

A : u can only create savings-oriented goals.

B : u can't create a goal for paying down a debt.

C : u can associate a goal with a specific financial account.

D : nancial Goals require the Financial Goals permission set to be visible to a user.

Answer: A,B

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?

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

Cumulus Cloud Bank needs help onboarding new customers. The business process requires updating the Know Your Customer (KYC) document checklist and performing internal tasks in a predefined order. However, during an internal audit, it was found that bankers often miss these tasks and still move to the next stage of the onboarding process. What should a consultant recommend?

A : eate an after-save trigger to generate reminder tasks.

B : ilize Chatter notifications for reminders.

C : ilize Action Plan and Action INan Template.

D : ilize Financial Services Clouc flag Templates to flag missing items.

Answer: C

Question 4

Lake Tahoe Bank would like to capture their commercial customers in FSC. A commercial customer can be owned by multiple groups. How can Lake Tahoe Bank SF Admin configure FSC to capture and display commercial customer and its parent company ? (3 correct answers)

A : the Business record type to the Group record type mapper

B : pture the majority owner as parent account using Account hierarchy

C : verage Groups to capture the majority owner and Account hierarchy to capture minority owner

D : able Relationship Group Hierarchy in Custom Metadata

E : nk multiple owners to the business entity as a Group

Answer: A,C

Question 5

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

A : Institutional Banking flow

B : Mortgage flow

C : Insurance flow

D : Retail Banking flows

E : Commercial Banking flow

Answer: B,C,E

Page: 1 / 66

Total 330 Questions | Updated On: Jan 09, 2025

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