Exam Financial-Services-Cloud Topic 1 Question 117 Discussion

Actual exam question for Salesforce's Financial-Services-Cloud exam
Question #: 117
Topic #: 1

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 support his 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. To share a Person Account record the admin will need to create sharing rules Account and Contact objects B. 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 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. Person Accounts can be merged with Business Accounts in Financial Services Cloud E. 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.

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