CTP Dumps - Grab Out For [NEW-2022] AFP Exam

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NEW QUESTION 49
A KEY feature of municipal bonds is that they are:

• A. issued on a discount basis.
• B. available through the Treasury Direct Program.
• C. exempt from federal income taxes.
• D. rated by the Comptroller of the Currency.

Answer: C

 

NEW QUESTION 50
All of the following are an EDI benefit EXCEPT:

• A. lower start-up costs.
• B. improved cash forecasting.
• C. improved productivity.
• D. lower error rates.

Answer: A

 

NEW QUESTION 51
A company with constant earnings and excess cash is considering a significant stock repurchase plan. Which of the following is MOST LIKELY to occur?

• A. Earnings per share will decrease, and the number of shares outstanding will stay constant.
• B. Earnings per share will increase, and the number of shares outstanding will decrease.
• C. Earnings per share will increase, and the number of shares outstanding will stay constant.
• D. Earnings per share will decrease, and the number of shares outstanding will increase.

Answer: B

 

NEW QUESTION 52
The exchange of a fixed interest rate cash flow for a floating interest rate cash flow with both interest rates in the same currency is an example of:

• A. an interest rate cap.
• B. a vanilla swap.
• C. an interest rate option.
• D. a basis-rate swap.

Answer: B

 

NEW QUESTION 53
When projecting the closing cash position, a cash manager must estimate which of the following?

• A. ACH credits
• B. Checks in the process of collection
• C. Clearings on non-controlled disbursement accounts
• D. Lockbox receipts

Answer: C

 

NEW QUESTION 54
An analyst for a landscaping company wants to adjust her cash-flow forecast to account for the seasonality of outflows. How can this be accomplished?

• A. Accounts receivable balance pattern
• B. Regression analysis
• C. Contingency forecasting
• D. Simple moving average

Answer: B

 

NEW QUESTION 55
I. Banker's acceptances
II. Commercial paper
III. U.S. Treasury bills
IV. Federal agency securities
Which of the following is the MOST usual ranking, from lowest to highest risk, of the investments listed above?

• A. IV, II, III, I
• B. III, IV, I, II
• C. IV, III, II, I
• D. I, III, IV, II

Answer: B

 

NEW QUESTION 56
Financial ratios may provide an inaccurate forecast of a company's performance because they are:

• A. difficult to incorporate into statistical forecasting.
• B. based on snapshots of the company's activity.
• C. sensitive to seasonal cash flows.
• D. economic rather than accounting values.

Answer: B

 

NEW QUESTION 57
Sign Company and Paint Company have a twenty-year business relationship, and they work together when sending and receiving payments. Sign Company also does a large amount of business with Brush Company, a subsidiary of Paint Company. Brush Company's Treasurer recently received a memo from the Treasurer of Paint Company reminding it that when dealing with vendors, extensive information is required when receiving or making ACH payments. What ACH payment format are Sign Company and Paint Company MOST LIKELY to use?

• A. CTX
• B. CCD+
• C. CCD
• D. EBPP

Answer: A

 

NEW QUESTION 58
A currency swap is BEST described as an:

• A. immediate exchange of bank drafts.
• B. agreement to convert an obligation in one currency to another.
• C. agreement to deliver or purchase a currency in two days.
• D. option traded on a recognized exchange.

Answer: B

 

NEW QUESTION 59
Which of the following can be used for monitoring accounts receivables?
I) Aging schedule
II) Credit terms
III) Days' sales outstanding
IV) Receivables balance pattern

• A. I, III, and IV only
• B. I and IV only
• C. II, III, and IV only
• D. I and II only

Answer: A

 

NEW QUESTION 60
A convenience store chain would typically use which of the following types of collection systems?

• A. Network of wholesale lockboxes
• B. Pre-authorized payment program
• C. Field deposit system
• D. Retail lockbox

Answer: C

 

NEW QUESTION 61
Which of the following is NOT a consideration for treasury managers when implementing electronic communications with FSPs?

• A. Telecommunications infrastructure
• B. Physical location of FSP
• C. Cost limitations
• D. Security concerns

Answer: B

 

NEW QUESTION 62
Regarding dividends, on which of the following dates would a company's current assets be reduced?

• A. Ex-dividend date
• B. Payment date
• C. Declaration date
• D. Record date

Answer: B

 

NEW QUESTION 63
Which function involves evaluating alternative projects in relation to one another and in relation to the company's cost structure?

• A. Corporate forecasting
• B. Financial planning
• C. Capital budgeting
• D. Financial risk management

Answer: C

 

NEW QUESTION 64
A treasurer's role in budgeting is primarily to do which of the following?

• A. Manage shareholder equity.
• B. Monitor foreign exchange risk.
• C. Manage short term assets and liabilities.
• D. Analyze project profitability.

Answer: C

 

NEW QUESTION 65
A treasurer overhears several employees talking about selling their company stock before a pending deal impacts the stock negatively. What action should the treasurer take to control this behavior in the future?

• A. Report the employees to the SEC.
• B. Provide training on ethics and code of conduct.
• C. Contact the internal and external auditors.
• D. Contact the investor relations department.

Answer: B

 

NEW QUESTION 66
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