AFP CTP Exam
Certified Treasury Professional (Page 36 )

Updated On: 19-Jan-2026

Which of the following MOST often contributes to the misinterpretation of DSO?

  1. Varying fiscal year-ends
  2. Sales patterns
  3. Size of the payment discount
  4. Weekends and holidays

Answer(s): B



In most countries other than the United States, which of the following is used to compensate banks for services provided?

  1. Value dating
  2. Automatic overdraft services
  3. Giro systems
  4. Bilateral netting

Answer(s): A



Which of the following statements is true about futures contracts?

  1. They can be created for any asset over any period of time and for any amount.
  2. They are marked-to-market on a daily basis.
  3. Their margin requirements are normally 50%.
  4. Their losses are limited to the initial investment divided by the margin requirement.

Answer(s): B



Which of the following contributes MOST to the marketability of a security?

  1. An investment-grade rating
  2. An irrevocable letter of credit guarantee
  3. A return at or above the yield curve
  4. A large, active secondary market

Answer(s): D



Which of the following functions is LEAST likely to be part of a cash manager's responsibilities?

  1. Funds movement
  2. Bank compensation
  3. Forecasting
  4. Long-term financing

Answer(s): D



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