Salesforce AP-208 : Financial Services Cloud Accredited Professional

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Salesforce Financial Services Cloud Accredited Professional Sample Questions:

1. Lake Tahoe Bank has been using Sales Cloud to support the business to consumer (B2C) activities. The VP of IT wants a better and more flexible data model that can supporthis B2C Banking use cases. He is considering upgrading to Financial Services Cloud, using Person Accounts. Which 2 of these statements are true for the Financial Services Cloud Person Account Data Model?

A) The Person Account is a virtual object displaying data from Accounts and Contacts objects. It represents all aspects of the person and includes D data such date of birth or tax ID number.
B) The Person Account record type can be used when a client is an agent for a broker firm that is doing business with the Financial Institution.
C) Person Accounts can be merged with Business Accounts in Financial Services Cloud
D) To share a Person Account record the admin will need to create sharing rules Account and Contact objects
E) The Person Account model uses the standard Account object to hold all of the details about a person The Account object has been extended " with custom fields and a Person Account Record Type

2. An investment bank is implementing Financial Services Cloud (FSC) to manage the deal pipeline. Each opportunity has confidentialinformation that the deal team members must only view. In addition, each member needs the ability to take and share notes directly within Salesforce with others on the team.
Which three FSC features should be part of the solution design?

A) Complianthata Sharing
B) Financial DealManagement
C) Sharing Rules
D) Interaction Summaries
E) Profiles

3. A retail bank is using Financial Services Cloudto support its operations. The bank has received complaints that its clients' documentation is often submitted late and when clients call, customer service agents are struggling with multiple systems to determine where the documentation is.
Which solutionshould a consultant suggest the client explore?

A) The Send Documents flow for Retail Banking
B) A Marketing Cloud integration to manage client communications
C) An APEX solution to leverage the SendMail capabilities of Salesforce
D) Process Builder to create automatl&Socument requests for missing items

4. Which of the following objects do support Group-Level Rollups?

A) Financial Accounts
B) Opportunities
C) Action Plans
D) Alerts
E) Tasks

5. A financial services company needs to capture a new type of referral that has different required fields than what is currently configured inthe org.
Which three steps should the administrator take to configure Financial Services Cloud correctly based on the scenario?

A) Create a custom Referral object.
B) Update the lead page layout.
C) Create a new referral record type mapper record.
D) Assign the record type to users.
E) Create a new record type Referral' on the Lead object.

Solutions: