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Free CTP Exam Braindumps (page: 32)

Page 31 of 234
PDF with 932 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






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