AFP Certified Treasury Professional (CTP) Exam Prep FREE Sample Exam

A bank offers ‘one-bank’ concentration with ZBAs at its branches nationwide. The chief benefit claimed for staying within one bank is what?

Transfers between the bank's own accounts are book transfers that are fast, reliable, and often same-day without interbank settlement delays

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Other banks cannot offer ZBAs

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Book transfers create extra float for customers

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One-bank structures never charge fees

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In a disbursements forecast, a factory expansion paid 30% on order, 50% on delivery and 20% on acceptance should be modelled as:

One outflow in the month the project is approved

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Equal monthly amounts over the project's life

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Three milestone outflows on their expected dates, not as a smooth monthly capital-spending average

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An operating expense spread over the asset's useful life

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A one-off legal settlement is included in this quarter’s disbursements forecast. To keep the underlying run-rate visible, it should be:

Spread evenly over the next five years

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Forecast as a separately identified non-recurring item, not blended into recurring operating disbursements

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Excluded entirely because it is unusual

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Added to the payroll line

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A treasurer compares two banks’ availability schedules for the same deposit mix. The bank giving faster availability provides value because what happens sooner?

The deposit becomes tax-free

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Funds become usable to invest or to cover disbursements, reducing borrowing or idle-cash drag

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The firm's sales increase

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Returned items become impossible

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A treasurer calculates an intercompany loan of $500,000 at 4% annual interest for exactly six months (simple interest). The interest due is:

$20,000

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$5,000

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$10,000

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$40,000

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Which disclosure failure in a debt offering creates the most serious legal and market consequences for the issuer and underwriters?

Using a trustee investors have not heard of

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Pricing the issue on a Tuesday

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Choosing semiannual rather than annual coupons

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Omitting a material known risk from the offering documents, exposing the parties to investor claims and enforcement

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What does marking a portfolio to market tell the treasurer that book yield alone does not?

The exact yield each security will earn if rates change next month

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That unrealised losses can never become real losses on sale

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The credit rating each issuer will carry at maturity

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The current realisable value of the holdings and any unrealised gain or loss if they were sold today

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A borrower grants a lender ‘most favored’ style yield protections in a club deal negotiation. The practical concern for treasury is that such protections can:

Eliminate all future fees

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Raise the cost of later tranches or amendments by anchoring pricing expectations across the group

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Force the loan to become a bond

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Remove benchmark risk

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A government official connected to a pending permit suggests a facilitation fee paid in cash through a consultant. What is the correct treasury response?

Do not pay and escalate to legal and compliance, because payments to officials to influence action raise serious anti-bribery concerns

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Pay from petty cash so the amount stays small

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Book the fee as consulting expense with a generic description

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Have a distributor pay it so the company is not directly involved

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A treasury department documents controls, assigns an owner to each, and tests them on a schedule. The main benefit is:

Accountability and evidence that controls are designed and operating as intended

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Guaranteed prevention of every loss

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Elimination of external audit work

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Higher returns on short-term investments

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A company processing 400 supplier payments a month moves them from individual portal entry to a payment hub. If portal entry took 6 minutes per payment and hub review takes 1 minute per payment, how many staff hours are saved monthly?

About 33 hours

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About 400 hours

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About 3 hours

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About 200 hours

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Which practice best protects payment approval credentials?

Approvers share one login so anyone can cover absences

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Credentials are emailed to personal accounts as backup

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Passwords are written on a team whiteboard

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Each approver uses unique credentials and never shares them, with authentication events logged

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AFP Certified Treasury Professional (CTP) Exam Prep FREE Sample Exam — Fixed Set

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