AFP Certified Treasury Professional - CTP Exam Practice Test
Given the information in the data set, what is the earnings credit for January?
Correct Answer: C
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Treasury management systems and ERP systems allow companies to do all of the following EXCEPT:
Correct Answer: A
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A cash manager has determined that the break-even amount for justifying a wire transfer over an ACH for concentration of funds is $145,000. Using a wire instead of an ACH gives the company use of the funds two days earlier to make overnight investments. Based on a wire transfer cost of $10.00 and an ACH transaction cost of $0.70, what is the company's overnight investment interest rate on a 365-day year basis?
Correct Answer: D
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A company purchases a machine tool with an expected life of 3 years. Under the accrual accounting method, the equipment would be treated in which of the following ways?
Correct Answer: C
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Company XYZ requested lockbox details from its bank. The company currently receives checks that have both machine-readable remittances and attached remittance information. What would cause Company A to select a retail lockbox versus a wholesale lockbox?
Correct Answer: D
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Which of the following is MOST LIKELY to have a significant impact on the financial condition of an organization?
Correct Answer: D
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When a paper check is converted to an electronic form:
Correct Answer: B
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The telecommunications network used to transmit international payment instructions is called:
Correct Answer: C
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Which of the following ASC X12 transactions is used to confirm the receipt and compliance of transmitted sets?
Correct Answer: C
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An airline wants to lock in the price of the jet fuel it needs to purchase to satisfy the peak in-season demand for travel. The airline wants to manage its exposure to fluctuations in fuel prices. What type of exposure is this?
Correct Answer: B
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Which of the following statements are true about collected balances?
I. They can be lower than ledger balances.
II. They are influenced by the bank's availability schedule.
III. They exclude negative account balances.
IV. They may generate an earnings credit.
I. They can be lower than ledger balances.
II. They are influenced by the bank's availability schedule.
III. They exclude negative account balances.
IV. They may generate an earnings credit.
Correct Answer: D
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Which of the following investment instruments is a discount instrument?
Correct Answer: B
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