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Three Financial-Services-Cloud exam questions formats that we have are Salesforce Financial Services Cloud (FSC) Accredited Professional (Financial-Services-Cloud) dumps PDF format, web-based Financial-Services-Cloud practice exam and desktop-based Financial-Services-Cloud practice test software. Our Salesforce Financial-Services-Cloud PDF dumps format has actual Financial-Services-Cloud Questions which are printable and portable. Hence, you can go through these Financial-Services-Cloud questions via your smart devices like smartphones, laptops, and tablets.
Salesforce Financial-Services-Cloud Accredited Professional Exam consists of 60 multiple-choice questions, which must be answered within 105 minutes. Financial-Services-Cloud exam covers a range of topics, including the use of the Salesforce platform in financial services, customer relationship management, financial services product management, and regulatory compliance.
Salesforce Financial Services Cloud (FSC) Accredited Professional Sample Questions (Q156-Q161):
NEW QUESTION # 156
Rachel Addams belongs to two households:
1. The Addams household where Rachel lives with her spouse, Nigel Addams. Rachel is the client and, as such, is listed as the primary member of that household. This household is also Rachel's primary group.
2. The Symonds household. This household belongs to Rachel's parents, but Rachel manages their finances.
Rachel is considered the beneficiary of this household.
In addition, Rachel's household has a related account, the Addams Charitable Trust, and a related contact, Ivan
M. Kohl, attorney at law.
What should be the relationships between the parties when the Financial Services Cloud consultant sets up Rachel's person account?
1.Primary Group Household - Addams Household
Primary Member - Rachel Addams
Spouse - Nigel Adams
Trustee - Addams Charitable Trust
Household - Symonds Household
Primary Member - Neil Symonds
Beneficiary - Rachel Addams
Related Accounts - Addams Charitable Trust
Related Contacts - Ivan M. Kohl
A financial services company needs to transform the individual data model to person accounts in Financial Services Cloud (FSC), and its consulting partner is helping decide the sequence of the user stories in the design phase.
What should the implementation team do as the top priority during planning?
- A. Perform a data backup.
- B. Enable person accounts in FS
- C. Enable a person account in a sandbox.
- D. Configure Person Account record types.
Answer: A
Explanation:
Explanation
The relationships between the parties when the Financial Services Cloud consultant sets up Rachel's person account should be as follows:
Primary Group Household - Addams Household
Primary Member - Rachel Addams
Spouse - Nigel Adams
Trustee - Addams Charitable Trust
Household - Symonds Household
Primary Member - Neil Symonds
Beneficiary - Rachel Addams
Related Accounts - Addams Charitable Trust
Related Contacts - Ivan M. Kohl
NEW QUESTION # 157
What happens when you make changes to a Financial account record or primary group membership?
- A. The Admin needs to update the rollup by lookup (RBL) rules.
- B. The Admin has to deactivate the Rollup By Lookup (RBL) rules and then force RBL recalculations.
- C. The rollup by lookup (RBL) configuration automatically updates the corresponding RBL summaries at the client and group levels.
Answer: C
NEW QUESTION # 158
Which of these 3 objects are part of the FSC Data Model? (3 correct answers)
- A. FSC standard objects
- B. Marketing Cloud objects
- C. FSC packaged objects
- D. Sales & Service objects
- E. Action Plan objects
Answer: A,C,D
NEW QUESTION # 159
Lake Tahoe Bank is implementing Financial Services Cloud. The bank's new business processes require that Financial Advisors can add individuals to more than one Group or Household using Multiple Relationship Groups. Where do Admins enable Multiple Relationship Groups?
- A. Object Settings
- B. Custom Settings
- C. Profiles
- D. Lightning Page Editor
Answer: B
Explanation:
Explanation
To enable Multiple Relationship Groups, which is a feature that allows users to add individuals to more than one group or household, the Admin needs to use Custom Settings. Custom Settings are similar to custom objects and enable application developers to create custom sets of data, as well as create and associate custom data for an organization, profile, or specific user. The Admin can use Custom Settings to enable Multiple Relationship Groups by following these steps:
From Setup, enter Custom Settings in the Quick Find box, then select Custom Settings.
Click Manage next to Group Member Record Type Mapper.
Click Edit next to Default Organization Level Value.
In Multiple Relationship Groups Enabled, select True.
Click Save.
NEW QUESTION # 160
What are the challenges Financial Institutions face? (Select all that apply)
- A. Rising class of new competitors
- B. Regulatory compliance
- C. Isolated data and outdated systems
- D. Not enough data
Answer: A,B,C
NEW QUESTION # 161
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