AFP CTP Exam
Certified Treasury Professional (Page 27 )

Updated On: 19-Jan-2026

Which of the following is an advantage of a decentralized disbursement system?

  1. Local manager autonomy
  2. The elimination of idle cash balances at local banks
  3. The ease of obtaining cash position information
  4. Reduced operating costs

Answer(s): A



Which of the following clears international checks?

  1. Correspondent banks
  2. Fedwire
  3. SWIFT
  4. Check truncation

Answer(s): A



The time from the deposit of a check in a bank account until the funds can be used by the payee is known as:

  1. collection float.
  2. mail float.
  3. processing float.
  4. availability float.

Answer(s): D



The time between receipt of a mailed payment and the deposit of the payment in the payee's account is known as:

  1. collection float.
  2. mail float.
  3. processing float.
  4. availability float.

Answer(s): C



The time between the payor's mailing of a check and the payee's receipt of usable funds is known as:

  1. collection float.
  2. mail float.
  3. processing float.
  4. availability float.

Answer(s): A



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