Achieve The Utmost Performance In Financial-Services-Cloud Exam Pass Guaranteed [Q23-Q38] : IT certification exam materials : http://blog.dumpleader.com

NO.23 When the multiple currencies feature is enabled, which currency is used as the basics for all currency conversion rates?

Active currency

Personal currency

Corporate currency

Record currency

NO.24 Which chart type can be used to display summary values from two different levels of grouping in a report. (2 answers)

Stacked bar chart

Funnel chart

Donut chart

Grouped line chart

NO.25 An investment bank is implementing Financial Services Cloud (FSC) to manage the deal pipeline. Each opportunity has confidential information 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?

Financial Deal Management

Sharing Rules

Complianthata Sharing

Profiles

Interaction Summaries

NO.26 How should developers configure customized nodes for display in ARC?

Select Use LWC from the node Display tab to show the node in a Lightning Web Component

Reference the Lightning WebComponent in the Display properties of the custom ARC relationship graph

Select Use FlexCard from the node Display tab to show the node in a FlexCard

Reference the FlexCard in the Display properties of the custom ARC relationship graph

NO.27 Our Personal Banker Hank Burton is learning to use Action Plans to ensure compliance in the client onboarding process. Where can Hank see Action Plan Tasks? (2 options)

Hank will be able to see the Action Plan tasks on the related list of the Account page layout.

Hank will be able to see the Action Plan Tasks assigned to him on the standard Salesforce task list.

Once the Action Plan is assigned, Hank can see the related Tasks on the Timeline.

Hank will be able to see the Action Plan Tasks assigned to him on his calendar.

NO.28 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?

For each user, the user currency must correspond to the default currency for the user’s locale

The Salesforce Admin can enable or disable multiple currencies if needed

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.

When multicurrency is enabled in FSC. advanced currency management is also available

NO.29 Which statement is true if a custom fiscal year is enabled? (2 answers)

The custom fiscal year automatically updates product schedules.

The custom fiscal year must be defined manually

The defined custom fiscal year only affects forecasts

The custom fiscal year setting CANNOT be disabled

NO.30 Which 3 options does the Financial Services Cloud application offer to view and update Account-Account.
Account-Contact, and Contact-Contact Relationships?

Actionable Relationship Center

Family Members Component

Relationship Map

Group Members Component

Life Events Component

NO.31 What does a page layout allow an administrator to control?

The record types available to each role and profile

The fields users see on detail and edit pages

The business process and related picklist values displayed

The fields users see in reports and list views

NO.32 How should developers configure customized nodes for display in Actionable Relationship Center (ARC)?

Select Use FlexCard from the node Display tab to show the node in a FlexCar

Reference the Lightning web component in the Display properties of the custom ARC relationship graph.

Select OmniScript from the node Actions tab U^jhow the node in an OmniScript.

Reference the FlexCard in the Display properties of the custom ARC relationship graph.

NO.33 When case assignment rules are being setup, cases can be assigned to whom? (2 answers)

Queue

User

Case Team

Contact

NO.34 A financial services company wants to plan ahead for designing the Financial Services Cloud (FSC) implementation. Which three activities should the implementation team prioritize during planning?

Prepare for integrations with transactional systems, external data sources, custodians, and any other platforms that the company’s business relies on.

Beyond the preconfigured settings, evaluate whether they need advanced customizations.

Enable and configure person accounts in FSC, and assign users with permission set licenses.

Review the out-of-the-box capabilities and compare them to the company’s current needs.

Design the modifications to fields, picklists, layouts, and othKrequired features to support business processes.

Explanation
The following activities should be prioritized by the implementation team during planning for designing the Financial Services Cloud implementation:
Prepare for integrations with transactional systems, external data sources, custodians, and any other platforms that the company’s business relies on. Integrations are the connections or interactions that allow data or functionality to flow between different systems or platforms. You should prepare for integrations with your existing or new systems or platforms that support your business processes, such as transactional systems, external data sources, custodians, or other platforms. You should also consider the integration methods, tools, requirements, and challenges that you will need to address during the implementation.
Beyond the preconfigured settings, evaluate whether they need advanced customizations.
Customizations are the changes or modifications that you make to Salesforce to meet your specific business needs or preferences. You should evaluate whether you need advanced customizations beyond the preconfigured settings that Financial Services Cloud provides out of the box, such as custom objects, fields, formulas, validation rules, workflows, triggers, or components. You should also consider the impact, benefits, and risks of your customizations on your data model, user interface, performance, security, or maintenance.
Review the out-of-the-box capabilities and compare them to the company’s current needs.
Out-of-the-box capabilities are the features or functions that Financial Services Cloud offers without any customizations or configurations. You should review the out-of-the-box capabilities and compare them to your company’s current needs and expectations. You should also identify any gaps or opportunities for improvement that you can address with configurations or customizations during the implementation.
Verified References: : Salesforce Help Article [12] : Salesforce Help Article [13] : Salesforce Help Article [14]

NO.35 Which three of these statements are true for Rollup By Lookup (RBL) in FSC?

Rollup By Lookup (RBL) do not require a lot of processing power.

Person Accounts need to be enabled in order to use the Rollup by Lookup functionality.

An RBL (Rollup By Lookup) rule displays summary calculations of financial account information, such as account balances.

The Rollup By Lookup (RBL) configuration updates the corresponding RBL summaries at the client and group levels.

Salesforce does not recommend or provide support for creation or customization of FSC RBL rules.

NO.36 A retail bank is using Financial Services Cloud to 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 solution should a consultant suggest the client explore?

A Marketing Cloud integration to manage client communications

An APEX solution to leverage the SendMail capabilities of Salesforce

Process Builder to create automatl&Socument requests for missing items

The Send Documents flow for Retail Banking

NO.37 What 2 considerations should the Salesforce Administrator review before implementing Flow for customer onboarding?

Use Field Level Secunty on Milestones

Flow for Financial Service Cloud is not available for Ihe Individual Object Model.

Flow Screen Input Components can only be used in Financial Service Cloud Flow Templates

The Flow users require a Flow Permission Set License.

NO.38 A Salesforce Admin is configuring a new Action Plan Template. One task in that template needs to be picked up by the next available Advisor. What assignment logic should the Admin use when configuring this template task?

Action Plan Creator

Specific User

Account Team

Role

Queues