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CTP · Question #926

(Topic 9) Which of the following is true about using an RFI in the financial institution and FSP selection process?

The correct answer is B. An RFI can speed up the review process. See the full explanation below for the reasoning.

Question

  • (Topic 9)

Which of the following is true about using an RFI in the financial institution and FSP selection process?

Options

  • ARFI is a formal document that outlines objectives, needs and service requirements.
  • BAn RFI can speed up the review process.
  • CA response to an RFI is a formal commitment for services.
  • DA response to an RFI is a binding agreement.

How the community answered

(25 responses)
  • A
    4% (1)
  • B
    76% (19)
  • C
    12% (3)
  • D
    8% (2)

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