Online Access Free Financial-Services-Cloud Practice Test

Which of the following statements are correct when creating Financial Goals?

• A.Users can only create savings oriented goals.
• B.Users can associate a goal with a specific Financial Account.
• C.Users require the Financial Goals permission set to works with Financial Goals
• D.Users can create goals for paying down debt

How shoulddevelopers configure customized nodes for display in the Actionable Relationship Center (ARC)?

• A.Select Use Flex Card from the node Display tab to show the node in a Flex Card
• B.Reference the flex Card in the Display properties of the custom ARC relationship graph.
• C.Select Omni Script from the node Actions tab to show the node in an Omni Script.
• D.Reference the Lightning web component in the Display properties of the custom ARC relationship graph.

If a client is associated with more than one Household or Group, where will this clients records get rolled up to?

• A.to all the parent households and groups
• B.to the household selected by the advisor for record rollups.
• C.to the Household where the client is the primary member
• D.to the household with the client's primary address

A financial services company has found that more than two-thirds of customer onboarding processes are manually done by client specialists, consuming large amounts of time and resulting in errors in the sales process. The company contacts a consultant to learn how to leverage Financial Services Cloud features to improve the current state.
What should the consultant consider from a customer onboarding perspective?

• A.If the company struggles with the low efficiency of collecting data in questionnaires and meeting compliance with the company policies. Discovery Frameworkcan be used to improve the current state.
• B.If the company struggles with the low effi^ency oftracking required documents for its customers and creating templates for ^ checklists. Discovery Framework is recorrU^ided to improve the current state.
• C.If the company struggles with the low efficiency of tracking required documents for its customersand creating templates for checklists, Action Plan is recommended to improve the current state.
• D.If the company struggles with the low efficiency of collecting data in questionnaires and meeting compliance with the company policies. Action Plan can be used to improve the current state.

During a project's design phase, a consultant must provide a Financial Services Cloud solution that can support CompliantData Sharing (CDS). What are three things the consultant should consider regarding CDS?

• A.Compliance managers and Salesforce administrators can enable CDS for Account and Opportunity objects.
• B.A financial services company wants to track different categories of financial accounts in its org.
  Relationship managers must be able to see all of these financial accounts in one place on the customer's Account record page grouped by categories. Which three steps should an administratortake to configure the Financial Account object and the Account Lightning record page to meet the design?
• C.In a standard Salesforce org, Role Hierarchy for Account and Opportunity objects is enabled by default and can't be turned off.
• D.Role Hierarchy-based sharing is disabled bydefault in CDS.
• E.Participant Roles provide another way to grant data access without overwriting sharing behavior from existing sharing features.