Salesforce financial services cloud practice test

[FSC Features and Functionality]
Lake Tahoe Bank's financial advisors are complaining that they can't see an accurate summary of
their clients financial data as clients often change households. How can an Admin set up Financial
Services Cloud to provide financial advisorswith an accurate summary of their client's financial data?

• A. Create a roll-up field on the Opportunity object to track client's Financial Account balance and display the summary amount on the Person Account object.
• B. Set clients financial data to be rolled up using Financial Services Cloud Primary Group.
• C. Create a custom obiect to track client's financial data
• D. Use Process Builder to create a workflow to summarize data at the Person Account level.

[Relationship and Group Management]
Lake Tahoe Bank allows more than two owners on Financial Accounts. The Salesforce Admin wants to
make sure that balances are rolled up to all joint owner's primary Households. Which 2 options does
the Salesforce Admin have to accomplish this?

• A. Enable all RBL (Rollup By Lookup) rules to ensure the balances are rolled up to the householdlevel.
• B. Enable the 'Enable Rollup Summary' in custom settings
• C. Create custom RBL (Rollup By Lookup) rules to rollup the joint owner balances.
• D. Disable RBL (Rollup By Lookup) rules that rollup balances using joint owner on Financial Account.
• E. Enable RBL (Rollup By Lookup) rules that rollup balances using Financial Account Role for joint owners.

[Security, Permissions, and Integration]
To access Financial Services Cloud Lightning Components "My Domain" must be enabled. How does
the System Admin accomplish this?

• A. Register a subdomam using the My Domain wizard and then deploy it
• B. Open a case withSalesforce Support
• C. Enable Communities
• D. Go to Custom Settings and edit the Industries Settings

[FSC Features and Functionality]
Lake Tahoe Bank has branch offices in many countries around the world and they are planning to roll
out Financial Services Cloud. Which of the 2 considerations does the Salesforce Admin have to keep
in mind when it comes to dealing with multiple currencies?

• A. For each user, the user currency must correspond to the default currency for the user's locale
• B. The Salesforce Admin can enable or disable multiple currencies if needed
• C. When filtering by currency values in reports or list views, users must specify a currency ISO code, such as USO or GBP. before the value.
• D. When multicurrency is enabled in FSC. advanced currencymanagement is also available

[FSC Data Model and Configuration]
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. Person Accounts can be merged with Business Accounts in Financial Services Cloud
• B. To share a Person Account record the admin will need to create sharing rules Account and Contact objects
• C. 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.
• D. 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.
• 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

[FSC Features and Functionality]
The Salesforce Admin at Lake Tahoe Bank considering implementing Financial Services Cloud. What
is thebest way for the Admin to access a Financial Services pre-configured org, including data and the
right licenses, to learn about the product?

• A. Request a 30-day Financial Services Cloud trial org
• B. Request a Salesforce developer org.
• C. Purchase one license of Financial Services Cloud and install it in a production org.
• D. Spin up a Salesforce sandbox org.

[FSC Features and Functionality]
Lake Tahoe Bank, an existing Salesforce customer, is planning to implement Financial Services Cloud.
Their Salesforce Admin is considering whether to use a new Salesforce org or upgrade the existing
org. Which three of the considerations below indicate that a new Salesforce org is the better choice9

• A. The bank wants to use this project as an opportunity toretire customization
• B. The current implementation is using a product-centric view and the bank wants to move to a customer-centric view.
• C. Data migration is a big concern The current org has a large amount of data and the Bank wants to minimize data migration efforts.
• D. The bank has limited redesign opportunities for business capabilities.
• E. Existing business capabilities and processes can be redesigned to deliver a higher business impact

[FSC Data Model and Configuration]
Lake Tahoe Bank is migrating customer records from the Individual Model to Person Accounts. Which
threesteps should a Data Architect take to ensure a successful migration?

• A. Ensure Person Accounts is enabled on the org
• B. Configure your Person Account record types m the Indrvidual Record Type Mapper.
• C. Enable 'Individual to Person Account Migration' in Custom Settings.
• D. Use a CSV field to map PersonRecordTypeld to the Person Account RecoroTypeld and use Data Loader to update Client Records
• E. Log a case with Salesforce to perform the conversion from the indrvkJual Model to Person Accounts.

[FSC Data Model and Configuration]
Which two limitations should a Salesforce Administrator consider before enabling Person Accounts?

• A. Person Accounts can be enabled and disabled only by contacting Salesforce Support
• B. Person Accounts cannot be disabled once they were enabled
• C. Creating a client record via Salesforce Inbox is not supported.
• D. AppExchange packages will not work if Person Accounts are enabled

[FSC Features and Functionality]
The Salesforce Admin wants to make it easier for call center agents to complete some common tasks
by setting up flowsand launch them from the Retail Banking Console. What does the Admin have to
keep in mind when setting up Flows?

• A. Flows can be used to provide step-by-step guidance for address changes, without the need for then agent to navigate to different screens.
• B. To open. edit, or create a Flow in Flow Builder, the user needs the Run Flows permission.
• C. To use Financial Services Cloud Flows, you'll need the Financial Services Managed Package installed m the org and the Financial Services Cloud a permission setassigned to the user.
• D. To use a Flow, a user must have access to the underlying object and its field