AFP Certification CTP Book

Certified Treasury Professional Questions and Answers

Question 133

To arrive at today’s projected closing cash position, a cash manager starts with:

the opening bank available balance.

yesterday’s projected closing cash position.

the general ledger cash balance.

today’s expected settlements.

Question 134

Which of the following statements BEST applies when evaluating fees in an RFP for bank services?

Flexible credit terms are the most important consideration.

Ability of financial institution to customize services is critical.

A proforma account analysis statement captures all pricing and compensation detail.

Accurate evaluation and comparison of the proforma account analysis statements are critical.

Question 135

Which of the following must be considered when designing the basic framework for a cash management system?

Industry standards and practices

SEC regulations

FASB rulings

Public company listing guidelines

Question 136

Which of the following is NOT an operational risk?

Workers’ compensation risk

Fidelity risk

Surety risk

Currency risk