QUESTION: 173

One of the PRIMARY ways the Fed addresses systemic risk is by:

assigning passwords and PINs to identify authorized users of its Fedwire system.
establishing intra-day credit limits for ACH originators.
setting minimum reserve requirements for its member banks.
setting daylight overdraft limits for its member banks.

Answer(s): D

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QUESTION: 174

Which of the following payment types is at the greatest risk for fraud?

Wire transfers
Credit cards
Checks
ACHs

Answer(s): C

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A company invests all of its short-term excess cash in T-bills on a daily basis. To prevent delays in processing its outgoing wire transfers, the company may ask its cash management bank to establish a:

daylight overdraft line.
letter of credit.
revolving line of credit.
net debit cap.

Answer(s): A

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QUESTION: 176

Which of the following industries is MOST LIKELY to use a sophisticated cash concentration system with multiple banks as part of its cash management system?

Telecommunications
Automotive
Retail
Payroll service

Answer(s): C

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Free AFP CTP Exam Questions (page: 45)

QUESTION: 173

QUESTION: 174

QUESTION: 175

QUESTION: 176

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