[Q47-Q61] Updated Jul-2025 Exam Engine or PDF for the Financial-Services-Cloud Tests Free Updated Today!

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Updated Jul-2025 Exam Engine or PDF for the Financial-Services-Cloud Tests Free Updated Today!

Ultimate Guide to Prepare Financial-Services-Cloud with Accurate PDF Questions

QUESTION 47
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

QUESTION 48
When adding an Account-Account relationship using ARC (Actionnable Relationship Center), what 2 options does the banker have to represent a group of accounts, where one of the accounts is the parents of a number of other accounts ? (2 answers)

From each subsidiary account, select ‘New’ in the ‘Group Relationship’ components and create a new relationship with the parent account

From each subsidiary account, select ‘New’ in the ‘Member Relationships’ components and create a new relationship with the parent account

From the parent account, select ‘New’ in the ‘Group Relationship’ components and create a new relationship with the subsidiary account

From the parent account, select ‘New’ in the ‘Member Relationships’ components and create a new relationship with the subsidiary account

QUESTION 49
A financial services company must add details to the default business hours record. For company-wide holidays, the company wants the option to skip non-work days in Action Plan when setting task completion dates.
What should the administrator configure to meet the requirement?

Omit the day’s start and end time fields when the administrator wants to indicate a non- working day.

Select Recurring Holidays as Action Plans and consider recurring holidays when determining the non-work days to skip.

Configure the day without business hours, it is considered a non-work day, even if the day is a recurring holiday.

Add non-work days to the date offset when calculating the task completion date is automatic; no setup is required.

Explanation
To skip non-work days in Action Plan when setting task completion dates, the administrator should configure the day without business hours, as it is considered a non-work day, even if the day is a recurring holiday. This means that the administrator should leave the start and end time fields blank for any day that is not a working day, such as Saturday or Sunday. Action Plans will then automatically omit those days when calculating the task completion dates based on the business hours1. Recurring holidays are not considered by Action Plans when determining the non-work days to skip2.
References:
Set Business Hours
Set Up Company-wide Holidays

QUESTION 50
Lake Tahoe Bank is migrating customer records from the Individual Model to Person Accounts. Which three steps should a Data Architect take to ensure a successful migration?

Ensure Person Accounts is enabled on the org

Configure your Person Account record types m the Indrvidual Record Type Mapper.

Enable ‘Individual to Person Account Migration’ in Custom Settings.

Use a CSV field to map PersonRecordTypeld to the Person Account RecoroTypeld and use Data Loader to update Client Records

Log a case with Salesforce to perform the conversion from the indrvkJual Model to Person Accounts.

QUESTION 51
What standard object has a one-to-many relationship with the account object? (3 answers)

Lead

Opportunity

Campaign

Contact

Case

QUESTION 52
A consulting firm is asked to add Events and Milestones to a Lightning record page to give financial advisors deeper insights into their customers’ lives.
What should the consultant configure to enable advisors to capture Once-in-a-Lifetime events and, at the same time, prevent users from accidentally creating more than one event of such an event type?

Once-in-a-Lifetime event types

Special event types

Single event types

Unique event types

Explanation
To enable advisors to capture Once-in-a-Lifetime events and prevent users from accidentally creating more than one event of such an event type, the consultant should configure Unique event types. Unique event types are event types that can only be created once for each contact or individual, such as birth, death, or marriage.
By using Unique event types, the consultant can ensure that advisors can capture important life events for their customers and avoid duplication or inconsistency.

QUESTION 53
Which three of these statements are true for Rollup By Lookup (RBL) in Financial Services Cloud?

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

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

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

Salesforce does not recommend or provide support for creation or customization of Financial Services Cloud RBL rules

RBL rules do not require a lot of processing power.

The following statements are true for Rollup By Lookup (RBL) in Financial Services Cloud:
An RBL (Rollup By Lookup) rule displays summary calculations of financial account information, such as account balances. You can use RBL rules to aggregate financial account data across different levels of client relationships.
The Rollup By Lookup (RBL) configuration updates the corresponding RBL summaries at the diem and group levels. You can use RBL configuration to define which fields are rolled up and howthey are calculated for each diem and group type.
Salesforce does not recommend or provide support for creation or customization of Financial Services Cloud RBL rules. RBL rules are complex and require extensive testing and validation. If you need to create or customize RBL rules, you should contact a certified Salesforce partner or consultant. Verified References: :
Salesforce Financial Services Cloud Implementation Guide, page 75. : Salesforce Financial Services Cloud Implementation Guide, page 76. : Salesforce Financial Services Cloud Implementation Guide, page 77.

QUESTION 54
Which three related lists are visible within Actionable Relationship Center associated with the Account object?

Cases

Notes and Attachments

Client Financial Goals

Financial Holdings

Household Financial Accounts

The following related lists are visible within Actionable Relationship Center (ARC) associated with the Account object:
Client Financial Goals, which is a related list that displays the financial goals of the account, such as retirement, education, or debt payoff.
Financial Holdings, which is a related list that displays the financial accounts of the account, such as bank accounts, investment accounts, or insurance policies.
Household Financial Accounts, which is a related list that displays the financial accounts of the account’s primary group, such as household or business group.

QUESTION 55
What 2 considerations should the Salesforce Administrator review before implementing Flow for customer onboarding?

Use Field Level Security on Milestones

Flow for Financial Service Cloud is not available for the 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.

The following considerations should be reviewed before implementing Flow for customer onboarding:
Use Field Level Security on Milestones, which is a setting that controls whether users can view and edit fields on records. The Admin should use Field Level Security to restrict access to the Milestones field on the Flow Template object, which is used to track the progress of customer onboarding flows2.
Flow for Financial Service Cloud is not available for the Individual Object Model, which is an alternative data model that uses the Individual object instead of Person Accounts to store information about people. Flow for Financial Service Cloud only supports Person Accounts as the primary object for customer onboarding flows2. Verified Reference: 2

QUESTION 56
Which setting in Action Plans helps to avoid non working hours, company holidays, and other non working days for deadline calculation?

Sync with Company Calendar

Skip Non-Work Days for Deadlines

Skip Non-Work Days For Tasks

Skip Non-Work Days for Action Plans

The setting in Action Plans that helps to avoid non working hours, company holidays, and other non working days for deadline calculation is Skip Non-Work Days for Deadlines. This is a custom setting that determines whether to exclude non work days when calculating the due date for action plan items based on the action plan item template duration. By enabling this setting, the Admin can ensure that the deadlines are realistic and achievable

QUESTION 57
The Salesforce Admin wants to make it easier for call center agents to complete some common tasks by setting up flows and launch them from the Retail Banking Console. What does the Admin have to keep in mind when setting up Flows?

Flows can be used to provide step-by-step guidance for address changes, without the need for then agent to navigate to different screens.

To open. edit, or create a Flow in Flow Builder, the user needs the Run Flows permission.

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 set assigned to the user.

To use a Flow, a user must have access to the underlying object and its field

QUESTION 58
Which three related lists are visible within Actionable Relationship Center associated with the Account object?

Cases

Notes and Attachments

Client Financial Goals

Financial Holdings

Household Financial Accounts

Explanation
The following related lists are visible within Actionable Relationship Center (ARC) associated with the Account object:
Client Financial Goals, which is a related list that displays the financial goals of the account, such as retirement, education, or debt payoff.
Financial Holdings, which is a related list that displays the financial accounts of the account, such as bank accounts, investment accounts, or insurance policies.
Household Financial Accounts, which is a related list that displays the financial accounts of the account’s primary group, such as household or business group.

QUESTION 59
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

Explanation
Multicurrency is a feature in Salesforce that allows you to work with multiple currencies in your org. If you enable multicurrency in FSC, you need to consider the following:
When filtering by currency values in reports or list views, users must specify a currency ISO code, such as USD or GBP, before the value. For example, USD500 or GBP300.
When multicurrency is enabled in FSC, advanced currency management is also available. This feature allows you to track historical exchange rates and apply them to opportunities and forecasts.

QUESTION 60
A financial services company needs to add new values for how a customer can be related to a financial account. Which object/field should the administrator add new values on?

Object: Financial Account Role; Field: Role

Object: Financial Account; Field: Primary Owner

Object: Financial Account; Field: Joint Owner

Object: Account-Account Relationship; Field: Related Role

Explanation
To add new values for how a customer can be related to a financial account, the administrator should add new values on the Role field of the Financial Account Role object. The Financial Account Role object is a junction object that links a contact or an individual to a financial account and defines their role or relationship with that account. The Role field is a picklist field that specifies the role of the contact or individual for the financial account, such as owner, beneficiary, trustee, or custodian. By adding new values on the Role field of the Financial Account Role object, the administrator can create new categories of financial account relationships for customers.

QUESTION 61
Which three related lists are visible within the Actionable Relationship Center associated with the Account object?

Household Financial Accounts

Cases

Client Financial Goals

Financial Holdings

Notes and Attachments

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