AFP CTP Practice Exams
Last updated on Oct 23,2026- Exam Code: CTP
- Exam Name: Certified Treasury Professional
- Certification Provider: AFP
- Latest update: Oct 23,2026
Which of the following is true about disbursement ZBAs?
- A . Their funding requirements are known early in the day.
- B . They are funded by intra-bank transfer.
- C . They are pre-funded from a master account.
- D . They are not recommended in a decentralized environment.
An accounts receivable manager has been asked to accelerate cash into her company by offering trade discount terms to its customers. Her company’s cost of capital is 11%.
If she offers terms of 2/10, net 30 on a $50,000 invoice, what is the present value to the company if the customer accepts the discount and pays early?
- A . $48,852
- B . $48,366
- C . $48,121
- D . $47,996
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?
- A . $0
- B . $5,000,000
- C . The future value of $10,000,000
- D . $10,000,000 discounted
In order to be defined as independent, a corporate director:
- A . cannot have owned preferred stock shares in the company.
- B . cannot have a material relationship with the company.
- C . cannot meet regularly with executive management outside of board meetings.
- D . cannot have been an employee with the company during the past three years.
Sign Company and Paint Company have a twenty-year business relationship, and they work together when sending and receiving payments. Sign Company also does a large amount of business with Brush Company, a subsidiary of Paint Company. Brush Company’s Treasurer recently received a memo from the Treasurer of Paint Company reminding it that when dealing with vendors, extensive information is required when receiving or making ACH payments.
What ACH payment format are Sign Company and Paint Company MOST LIKELY to use?
- A . CCD
- B . EBPP
- C . CCD+
- D . CTX
All treasury policies should be approved by:
- A . external auditors.
- B . the SEC.
- C . legal counsel.
- D . the board of directors.
A U.S. government agency issues securities transfers using Fedwire Book-Entry Securities System. The first transfer request of the day in the amount of $1 million is sent at 1:00 p.m. EST, the second one for $2 million at 3:30 p.m. EST, the third one for $3 million at 4:30 p.m. EST and the fourth one for $4 million at 5:00 p.m. EST, all on the same day.
Which of the following represents the total value transferred at 5:00 p.m. EST that day?
- A . $1 million
- B . $3 million
- C . $6 million
- D . $10 million
A real estate development company has excess cash that it would like to invest in one of its properties:
Property A has shown an ROI of 40%, a residual income of $25,675, and an EVA of $32,678.
Property B has shown an ROI of 45%, a residual income of $27,635, and an EVA of $29,523.
Property C has shown an ROI of 55%, a residual income of $22,658, and an EVA of $30,678.
Property D has shown an ROI of 52%, a residual income of $19,675, and an EVA of $31,523.
In which property should the company invest?
- A . Property A
- B . Property B
- C . Property C
- D . Property D
Company ABC decides to outsource certain activities to an unrelated company and have that company assume the associated loss exposures.
What loss control technique is Company ABC using?
- A . Control of isolated losses
- B . Risk retention group
- C . Separation of exposures
- D . Contractual transfer
Which of the following statements are true about collected balances?
I. They can be lower than ledger balances.
II. They are influenced by the bank’s availability schedule.
III. They exclude negative account balances.
IV. They may generate an earnings credit.
- A . II and III only
- B . I, II, and IV only
- C . I and IV only
- D . II, III, and IV only