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AFP CTP Exam
Certified Treasury Professional (Page 38 )

Updated On: 19-Jan-2026
Page 37 of 188
PDF with 1076 Questions

The ACH system eliminates float because the:

  1. transactions are value-dated.
  2. transactions are initiated electronically.
  3. receiving and originating institutions settle simultaneously.
  4. Fed charges back the cost of float.

Answer(s): C



Insurance companies often use which of the following payment instruments?

  1. Depository transfer check
  2. Time draft
  3. Preauthorized draft/check
  4. Payable through draft

Answer(s): D



The credit management function is responsible for:

  1. establishing the bank network.
  2. forecasting cash flow.
  3. approving customers.
  4. concentrating lockbox receipts.

Answer(s): C



Examples of traditional factors used in making a credit decision include which of the following?

I). Capacity
II). Capital
III). Compliance
IV). Character

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

Answer(s): C



Which of the following can be used for monitoring accounts receivables?

I). Aging schedule
II). Credit terms
III). Days' sales outstanding
IV). Receivables balance pattern

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

Answer(s): C



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