AFP CTP Exam Questions Instant Access - No Installation Required

Question 1

In a typical swap transaction, two parties agree to exchange:

Anotional principal amounts.

Bamortization schedules.

Cmaturity dates of obligations.

Dcash flows at future points in time.

Answer : D

Question 2

Individuals authorized to open and close bank accounts MUST match:

Athe Articles of Incorporation or other formation documents.

Bthe members of the board of directors.

Cthe delegation of authority outlined in a board resolution passed by the board of directors.

Dthe roles and responsibilities of treasury personnel as outlined in the treasury policy.

Answer : D

Question 3

In analyzing the costs for services among several banks, a cash manager should compare all of the following EXCEPT the:

Aearnings credit rates.

Breserve requirements.

Cledger balances.

Dfee structures.

Answer : C

Question 4

The delay between the time a lockbox site receives a check and the check is deposited is called:

Aavailability float.

BFed float.

Cmail float.

Dprocessing float.

Answer : D

Question 5

The Sarbanes-Oxley Act of 2002 requires that a public company's financial statements be certified by the company's:

Achief financial officer and corporate secretary.

Bchief financial officer and corporate controller.

Cchief financial officer and chief executive officer.

Dchief financial officer and chief operating officer.

Answer : C

Question 6

An instrument that gives the right to buy a stated number of shares of common stock at a specified price is known as:

Aan equity warrant

Ba put option

Ca zero coupon bond

Da subordinated debenture

Answer : A

Question 7

The U.S. government agency that administers and enforces trade sanctions against targeted foreign countries is the:

AForeign Corrupt Practices Office.

BOffice of Foreign Assets Control.

CDepartment of Justice.

DFederal Trade Commission.

Answer : B

AFP Certified Treasury Professional CTP Exam Questions