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AFP CTP Exam Questions
Certified Treasury Professional (Page 26 )

Updated On: 17-Feb-2026
Page 26 of 188
PDF with 1076 Questions

Company X has a rating that is below investment grade. The treasurer would prefer to use commercial paper for its short-term financing needs and has a commitment from its bank to provide a standby letter of credit. What costs would be associated with this process?

  1. Rating agency charges, credit enhancement costs, and dealer fees
  2. Discount, broker fees, and commitment fees
  3. Dealer fees, compensating balances, and participation fees
  4. Commissions, rating agency charges, and broker fees

Answer(s): A



Treasury policies should be approved by the:

  1. audit committee.
  2. controller.
  3. board of directors.
  4. external auditors.

Answer(s): C



Establishing the authority to open bank accounts is the responsibility of:

  1. the board of directors.
  2. the CFO.
  3. the treasurer.
  4. the board of governors.

Answer(s): A



A main characteristic of a company with regional offices using a centralized treasury function is:

  1. high level of control.
  2. increased borrowing costs.
  3. centrally determined depository accounts.
  4. increased operating costs.

Answer(s): A



Unrealized holding gains and losses arise when trading securities are:

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

Answer(s): A






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