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AFP CTP Exam
Certified Treasury Professional (Page 28 )

Updated On: 19-Jan-2026
Page 28 of 188
PDF with 1076 Questions

A PRIMARY objective of the cash concentration function is to:

  1. move funds to where they can be used most productively.
  2. eliminate service charges at outlying field banks.
  3. minimize the number of disbursement banks required.
  4. improve the predictability of cash outflow.

Answer(s): A



Cash management services commonly used outside the United States include which of the following?

I). Interest-bearing deposit accounts
II). Controlled disbursement systems
III). Pooling of bank accounts

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

Answer(s): B



A retail chain with 500 locations throughout the United States would use which of the following systems?

  1. Over-the-counter collections in numerous locations; deposits to field banks
  2. A company processing center; deposits to nearby bank(s)
  3. A wholesale lockbox with multiple deposit points
  4. A retail lockbox with multiple deposit points

Answer(s): A



A manufacturing company selling engines and other mechanical equipment, with invoices averaging $15,000, would use which of the following systems?

  1. Over-the-counter collections in numerous locations; deposits to field banks
  2. A company processing center; deposits to nearby bank(s)
  3. A wholesale lockbox with multiple deposit points
  4. A retail lockbox with multiple deposit points

Answer(s): C



A prearranged ACH payment normally includes which of the following?

I). A fixed payment amount
II). A provision for immediate availability
III). A predetermined payment date

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

Answer(s): B



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