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AFP CTP Exam
Certified Treasury Professional (Page 20 )

Updated On: 19-Jan-2026
Page 20 of 188
PDF with 1076 Questions

Which of the following statements are true about collected balances?

I). They can be lower than ledger balances.
II). They are influenced by the bank's availability schedule.
III). They exclude negative account balances.
IV). They may generate an earnings credit.

  1. II and III only
  2. I, II, and IV only
  3. I and IV only
  4. II, III, and IV only

Answer(s): B



Which of the following should be considered in the design of a collection system for a supermarket or retail store that does not offer proprietary credit cards?

I). Coin and currency handling
II). Debit card acceptance
III). Retail lockbox
IV). Third-party credit cards

  1. I only
  2. II and IV only
  3. I, II, and IV only
  4. I, II, III, and IV

Answer(s): C



XYZ Company is a net borrower. Its cost of funds is 5.0%, its earnings credit rate is 3.0%, and the reserve requirement is 10%. Average service fees are $50,000 per month. Its average ledger balance is $2,000,000, and its average collected balance is $1,000,000. What are the collected balances required to pay for services during a 30-day month?

  1. $12,166,667
  2. $13,518,519
  3. $20,277,778
  4. $22,530,864

Answer(s): D



Operational risk is defined as the risk of direct or indirect losses resulting from external events or failure of internal resources. As treasury departments maintain legacy systems that must be integrated into more complex technology, one would expect that:

  1. internal risks would increase due to the combination of manual and automated processes.
  2. external risks would decrease as the newer technology will offer more security.
  3. all risks would remain unchanged, as long as the same process controls are maintained.
  4. operational risks would decrease with the adoption of new technology.

Answer(s): A



A comprehensive payables service can do all of the following EXCEPT:

  1. send checks to a vendor.
  2. wire funds to a bank.
  3. set up ACH transfers.
  4. concentrate lockbox deposits.

Answer(s): D



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