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Free CTP Exam Braindumps (page: 28)

Page 27 of 234
PDF with 932 Questions

Which of the following statements is typically true about a net settlement system?

  1. It significantly reduces the total cost of transfers.
  2. Participants obtain improved payment terms from suppliers.
  3. Receivables and payments are continuously settled 1-to-1.
  4. An independent third party determines the settlement dates.

Answer(s): A



As an internal control tool, what does the matching of an invoice to the original purchase confirm?

  1. The placement of the order
  2. The fulfillment of the order
  3. The execution of the order
  4. The payment of the order

Answer(s): A



A company is interested in lowering its overall banking costs, managing netting, pooling, re- invoicing, and centralizing FX exposure at headquarters. Which of the following options will accomplish this?

  1. In-house banking
  2. Shared service center
  3. Company processing center
  4. Automated clearing house

Answer(s): A



A large U.S. company is planning to fund its Canadian subsidiary. Currently, the Canadian dollar is trading at CAD 1.25 per U.S. dollar, and the U.S. dollar is expected to depreciate in the near term. To manage this FX exposure, what technique should the company implement?

  1. Leading
  2. Re-invoicing
  3. Lagging
  4. Multicurrency accounts

Answer(s): A






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