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Certified Treasury Professional Questions 426–430 (page: 87)

There are 31 calendar days in the month, and the opportunity cost of funds is 9%.



What is the annual cost of float for the batches listed?

With the advent of the euro, many U.S. companies have seen a reduction in their number of foreign currency transactions. As a result, these U.S. companies have benefited from which of the following?

I). Reduced FX transaction costs
II). Consolidated banking relationships
III). Simplified exchange risk management
IV). Reduced need to monitor foreign political climates

The role of the depository bank in the check-clearing process is typically which of the following?

A diversified industrial company operates multiple remote manufacturing facilities that manage local supplier relationships. The company draws on a single line of credit for all of its working capital needs. Which of the following types of disbursement systems would BEST meet this company's needs?

Upon entering into an interest rate swap with a notional principal of $10,000,000, what is the initial amount of money the counterparties must exchange at the beginning of the swap?