Updated PDF (New 2026) Actual AFP CTP Exam Questions [Q359-Q380] – Unlimited Lifetime Access Free Exams PDF

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Updated PDF (New 2026) Actual AFP CTP Exam Questions

Verified CTP Exam Dumps PDF [2026] Access using ActualPDF

NEW QUESTION 359
A high-yield, non-investment-grade security is commonly referred to as which of the following?

A junk bond

A convertible bond

An industrial revenue bond

An equity warrant

NEW QUESTION 360
In this situation, the net earnings credit amount for the month would show:

a deficiency of $1,725.

an excess of $1,425.

an excess of $1,850.

an excess of $2,100.

NEW QUESTION 361
A company launches an innovative product and notices that a competitor based in another country begins to offer a very similar product. After investigating, the company discovers that its intellectual property was stolen after a foreign government’s employee gained access through a weakness in the company’s treasury management system (TMS). To which type of risk has the company been exposed?

Sovereign

Counterparty

Geopolitical

Cyber

NEW QUESTION 362
A retail chain with 500 locations throughout the United States would use which of the following systems?

Over-the-counter collections in numerous locations; deposits to field banks

A company processing center; deposits to nearby bank(s)

A wholesale lockbox with multiple deposit points

A retail lockbox with multiple deposit points

NEW QUESTION 363
Which of the following factors will allow a company to decrease the amount of collected balances required to compensate its bank for services?

An increase in the bank’s earnings credit rate

An increase in the bank’s reserve requirement

An increase in FDIC insurance charges

A carry-over of a prior period’s deficient balance

NEW QUESTION 364
At the end of the year, ABC Company’s actual revenue is $85,000,000 versus budget revenue of $90,000,000.
Actual operating expenses are $20,000,000 versus budget operating expenses of $22,000,000. Budget variance analysis would indicate a(n):

favorable revenue variance and an unfavorable operating expenses variance.

favorable revenue variance and a favorable operating expenses variance.

unfavorable revenue variance and a favorable operating expenses variance.

unfavorable revenue variance and an unfavorable operating expenses variance.

NEW QUESTION 365
A company that has facilities in different states and wants to control funding and facilitate check cashing would use which of the following?

Bank cashier’s checks

Multiple drawee checks

Controlled disbursements

Staggered funding

NEW QUESTION 366
One reason for using a sale and lease-back arrangement in lease financing is to:

create an infusion of cash into the company.

benefit from tax advantages from depreciation.

account for income or costs in one period.

eliminate off-balance sheet debt.

NEW QUESTION 367
A banker’s acceptance can be described as all of the following EXCEPT:

a sight draft.

a discount instrument.

a liability of the accepting bank.

an easily marketable instrument.

NEW QUESTION 368
Company XYZ sends an ACH debit file valued at $300,000 with an average item value of $1,000. The file settlement date is March 10. The file contains no duplicate items and items are split equally between corporate and consumer items. One percent of consumer items and 2% of corporate items were returned. What would be the final net settlement value for Company XYZ?

$291,000

$295,500

$297,000

$298,500

NEW QUESTION 369
A company has negotiated a credit facility with the following terms:
* $5,000,000 line of credit
* $3,000,000 average borrowing
* 30 basis point commitment fee on the unused portion of the line
* Interest rate on advances is 1-month LIBOR plus 4%
* 1-month LIBOR is currently 2%
What is the annual interest rate on the line of credit?

6.0%

6.2%

9.0%

9.3%

NEW QUESTION 370
A subsidiary of a large multinational organization was set up in an Asian country. The controller of the organization wants to determine the functional currency of the subsidiary. Which statement correctly describes what determines the functional currency of the subsidiary?

The functional currency of the subsidiary will always be the currency of the country where the subsidiary is domiciled.

The functional currency of the subsidiary will always be the same as the parent’s functional currency.

The functional currency is the currency of the primary economic environment in which the entity operates.

The functional currency of the subsidiary will always be the same as the currency of where the parent is domiciled.

NEW QUESTION 371
The Treasury Manager of a chain of department stores wants to develop a medium-term forecast.
Management plans to open two new stores, and anticipates same-store sales to increase by 15%.
Which of the following items can be predicted with the highest degree of certainty?

Taxes on stock options

New product sales

Fixed bond interest payment

Refranchising proceeds

NEW QUESTION 372
MCA, Inc. upgraded the Treasury workstation that had been in place for two years and used data from that 24- month period to develop a new short-term forecast. A trend factor was applied to controlled disbursements of
97% on a month-by-month basis and the variance to actual disbursements is less than 1%. Which of the following model validation techniques was utilized?

In-sample validation

Documentation validation

Ongoing validation

Comparison validation

NEW QUESTION 373
Which of the following factors is NOT used by a cash manager to estimate a target compensating balance?

Per-item service costs

Average volume

Ledger balance

Earnings credit rate

NEW QUESTION 374
A large retailer is preparing to accept credit cards and anticipates monthly credit card sales of $1,000,000. If the terms with the acquiring bank include bundled allocated fees of 6% and the retailer wishes to delay fee payment as long as possible, what should the retailer do?

Accept gross settlement.

Place a hold on consumer credit limits.

Receive net settlement.

Delay funds transfer to card-issuing banks.

NEW QUESTION 375
When investing in commercial paper, the investor’s primary consideration should be which of the following?

Issuer’s credit rating

Method of settlement

Interest rate risk

Dealer used

NEW QUESTION 376
The term “factoring” refers to a:

mathematical formula used in calculating bond prices.

short-term financing method.

reduction of bank fees related to volume.

Federal Reserve Open Market Committee activity.

NEW QUESTION 377
What is the authoritative accounting standard-setting body for state and local governments, public schools, state universities, and other government-affiliated agencies?

Financial Accounting Standards Board

Financial Accounting Foundation

Governmental Accounting Standards Board

Governmental Accounting Standards Foundation

NEW QUESTION 378
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?

$5,000,000

The future value of $10,000,000

$10,000,000 discounted

NEW QUESTION 379
Which agency implements monetary policy through purchases and sales of treasury securities?

Federal Deposit Insurance Corporation

Fannie Mae

Office of the Comptroller of the Currency

Federal Reserve

NEW QUESTION 380
Which scenario provides the BEST example of an agency problem?

A CFO hires an independent auditor to review the company’s balance sheet.

A Treasurer accepts a free round of golf from a banker.

An account manager approves a risky loan in order to meet a salary incentive.