CTP Reviews Questions

Certified Treasury Professional Questions and Answers

Question 149

When a supplier uses evaluated receipts settlement (ERS), which of the following statements is true?

Options:

The supplier does not send an invoice.

The customer selects the payment date.

Payment must be made before goods can be shipped.

Payables are processed manually.

Question 150

All of the following are reasons to use a confirmed irrevocable letter of credit EXCEPT concern about:

Options:

the buyer's ability to pay.

the ability to receive cross-border payments.

foreign currency exposure.

the stability of the buyer's bank.

Question 151

A merchant, wanting to accept credit cards as payment method, will negotiate its fees with which of the following participants?

Options:

Issuing bank

Acquiring bank

Network operator

Issuing processor

Question 152

A company has a $300,000 credit line of which $200,000 was the average amount outstanding for the year. The terms of the loan include a 1/2 of 1% commitment fee on the unused portion, an interest rate of 10%, and a compensating balance requirement of 2% of the total credit line. The company's compensating balances are funded from credit-line borrowings.

If the company negotiates to eliminate the compensating balance requirement and the average borrowings remain at $200,000, the annual interest rate would be:

Options:

10.00%.

10.25%.

10.31%.

10.57%.

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Certified Treasury Professional Questions and Answers

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CompTIA

Fortinet

Microsoft

Salesforce