FINANCIAL-SERVICES-CLOUD practice

Q1 Multiple choice

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?

Select all that apply.

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