QUESTION: 125

Unrealized holding gains and losses arise when trading securities are:

marked-to-market and are reported under current income.
marked-to-market and are reported under retained earnings.
offset by the gains and losses of the item being hedged.
recorded on the anniversary date of the purchase.

Answer(s): A

QUESTION: 126

A construction company just received a notification from its bank advising it of an altered dollar amount on a check. This notification is MOST LIKELY the result of:

the use of positive pay.
the use of controlled disbursement.
automated reconciliation services.
reverse positive pay.

Answer(s): A

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QUESTION: 127

When evaluating a FSP during the RFP process, a company should place a high value on a FSPs financial strength when the provider:

is located in a remote location.
holds assets for the company.
processes high dollar value transactions.
processes international transactions.

Answer(s): B

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QUESTION: 128

The first step in the financial institution and financial services provider (FSP) selection process should be:

selecting a pool of available candidates.
identifying the critical product or service specifications.
establishing a grading mechanism.
evaluating the cost of switching providers.

Answer(s): B

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QUESTION: 125

QUESTION: 126

QUESTION: 127

QUESTION: 128