AFP CTP Practice Exams
Last updated on Oct 24,2026- Exam Code: CTP
- Exam Name: Certified Treasury Professional
- Certification Provider: AFP
- Latest update: Oct 24,2026
A company is looking to improve its collection rate of returned checks. If the company implements re-presented check entry (RCK) with its bank, it might see a reduction in what type of returned items?
- A . Consumer payments less than $2,500
- B . Corporate payments less than $2,500
- C . Consumer payments more than $2,500
- D . Corporate payments more than $2,500
A U.S. exporter has agreed to export goods to a Canadian buyer with net 30 payment terms due in Canadian dollars.
What type of risk is the exporter exposed to?
- A . Economic exposure
- B . Commodity exposure
- C . Transaction exposure
- D . Translation exposure
Which of the following occurs when the U.S. dollar strengthens?
- A . Foreigners will purchase more U.S. goods.
- B . U.S. exports become more competitive.
- C . Foreign exports become less competitive.
- D . Foreign exports become more competitive.
Company XYZ’s government relations team has done a poor job in maintaining and nurturing its relationship with the local government. Because of new business ventures it is pursuing, the company needs a method that will help it monitor and collect international accounts receivables between subsidiaries.
What technique is more suited given its situation?
- A . Internal factoring
- B . Re-invoicing
- C . Bilateral netting
- D . Multilateral netting
For days’ sales outstanding to be a meaningful method for evaluating the effectiveness of a company’s receivable collections, it is usually compared to the:
- A . overall level of past due receivables.
- B . accounts receivable turnover ratio.
- C . stated credit terms.
- D . bad debt reserve.
Controlled disbursement notification times can be improved by which of the following?
- A . Increasing the use of multiple transit routing numbers
- B . Implementing a 2 P.M. presentment
- C . Implementing a high dollar group sort program
- D . Using Payor bank services
Advantages of writing checks locally on a centralized disbursing bank include all of the following EXCEPT which statement?
- A . It minimizes the number of banks.
- B . It provides opportunity for volume discounts on bank charges.
- C . It reduces idle balances.
- D . It decreases administrative costs.
A retail lockbox system is characterized by which of the following?
I. An emphasis on processing cost
II. Detailed information on discounts taken
III. Small-dollar amounts per invoice
IV. Multiple invoices per payment
- A . I and II only
- B . I and III only
- C . I, II, and III only
- D . II, III, and IV only
The Treasurer of a publicly-traded U.S. company discovers several large payments which were made from the company’s disbursement account without proper approval.
These unauthorized payments represent an exposure to penalties imposed by which regulator?
- A . The Office of the Comptroller of the Currency
- B . The Office of Foreign Assets Control
- C . The Public Company Accounting Oversight Board
- D . The Financial Industry Regulatory Authority
What is this firm’s residual income?
Revenues: $110,000
Expenses (including COGS and all taxes): $87,000
Internal rate of return: 8.5%
Capital Investment: $55,000
ROI: 8.0%
Cost of capital: 11%
- A . $16,500
- B . $16,950
- C . $18,325
- D . $18,600