최신 CTP 무료덤프 - AFP Certified Treasury Professional
A company transfers funds from its remote accounts by ACH with a one-day settlement and is notified of a same-day credit of $100,000 in one of its accounts. A wire transfer costs $27.75 incrementally. Assuming a
360-day year, which of the following is the minimum rate of interest that must be earned on these funds to justify the cost of a wire transfer?
360-day year, which of the following is the minimum rate of interest that must be earned on these funds to justify the cost of a wire transfer?
정답: B
All of the following are advantages of forward contracts EXCEPT they:
정답: D
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:
정답: C
Components of a field banking system include which of the following?
I. Local bank
II. Concentration bank
III. Lockbox bank
I. Local bank
II. Concentration bank
III. Lockbox bank
정답: B
An electronics firm realizes that due to adverse events projected over the next 18 months there is a 5% chance that its profits will decrease by $100,000. The company's beta is .08 and its cost of capital is 9%. What approach is the company MOST LIKELY using to determine its level of financial risk?
정답: C
The relationship between debt and equity in a company's capital structure is called:
정답: C
A merchant, wanting to accept credit cards as payment method, will negotiate its fees with which of the following participants?
정답: C
A cash manager invests in Treasury bills for which of the following reasons?
정답: A
A portfolio manager would like to purchase U.S. 50 million of 10-year notes 3 months from now, but has heard news that the Federal Reserve will start a purchasing program of longer term treasuries that will include
10-year notes. The purchase program would likely cause a lowering of market interest rates. The manager would also like to avoid having to use margin on a daily basis. To remove the price risk that may be associated with the Federal Reserve purchasing program, the portfolio manager would MOST LIKELY enter into an:
10-year notes. The purchase program would likely cause a lowering of market interest rates. The manager would also like to avoid having to use margin on a daily basis. To remove the price risk that may be associated with the Federal Reserve purchasing program, the portfolio manager would MOST LIKELY enter into an:
정답: D
The first step in the financial institution and financial services provider (FSP) selection process should be:
정답: B
Which statement is typically true about cash dividends?
정답: C
Which of the following is one of the PRIMARY considerations when establishing treasury policies and procedures?
정답: A
A company is a net borrower and generally invests in short-term instruments consisting of money market funds, compensating balances, and commercial paper. The treasury manager wanted to increase returns for the organization and invested a large balance in bonds. The investment locked cash up for a longer period, causing additional draws on the revolver, and the bond values began to decline. What should the company have had to prevent this situation?
정답: B
Which of the following would MOST directly affect a company's dividend policy?
정답: C
Which of the following is considered a financing decision?
정답: C
Which of the following functions is LEAST likely to be part of a cash manager's responsibilities?
정답: C