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
USA Tires, LLC is a U.S. company that manufactures a high performance tire. It has $500 million in annual domestic sales. Customer A is located 50 miles from the USA Tires warehouse. Customer A orders 1,000 high performance tires per month at a price of $50 per tire. It has credit terms of 30 days. Customer B is located 40 miles from the USA Tires warehouse. Customer B orders 1,000 high performance tires per month at a price of $60 per tire. Customer B has credit terms of 20 days.
Which legislation is being violated in the scenario?
- A . Glass-Steagall Act (1933)
- B . Robinson-Patman Act (1936)
- C . Fair Credit Billing Act (1975)
- D . Fair Debt Collection Practices Act (1978)
A residential mortgage company that wants to collect monthly payments from customers electronically via the ACH would initiate:
- A . PPD credits.
- B . PPD debits.
- C . CCD credits.
- D . CCD debits.
Which of the following is LEAST likely to appear on an account analysis?
- A . Service charges
- B . Average float balance
- C . Earnings allowance rate
- D . Money market rate
Which of the following is subject to transaction exposure?
- A . A U.S. company’s foreign subsidiary in Japan has a receivable denominated in Yen.
- B . A Japanese company’s foreign subsidiary in the U.S. has a receivable denominated in Yen.
- C . A U.S. company’s foreign subsidiary in Japan has a payable denominated in Yen.
- D . A Japanese company’s foreign subsidiary in the U.S. has a payable denominated in dollars.
A consumer’s personal check written to pay an electronics store charge-account bill is returned three times by the depositor’s bank as NSF.
What process is being used?
- A . Check truncation
- B . Re-presented check entries
- C . Point-of-purchase
- D . Back office conversion
The main objective of a company’s international cash management function is to:
- A . reduce cross-border fund transfers.
- B . collect and disburse cash.
- C . optimize global cash resources.
- D . minimize foreign exchange risk.
A currency is said to trade at a discount if it is worth:
- A . less than its face value.
- B . less in the forward market than in the spot market.
- C . less in the futures market than in the forward market.
- D . less today than one year hence.
A currency is said to trade at a discount if it is worth:
- A . less than its face value.
- B . less in the forward market than in the spot market.
- C . less in the futures market than in the forward market.
- D . less today than one year hence.
A call option is said to be “in-the-money” when the market price of the underlying security is:
- A . lower than the strike price.
- B . same as the strike price plus premium.
- C . higher than the strike price.
- D . same as the strike price minus premium.
A corporate compliance officer is drafting an agenda for an ethics training session.
Which of the following would NOT be an appropriate item to include?
- A . Discussion of recent cases involving unethical behavior
- B . Presentation of hypothetical situations and how to resolve them
- C . Review and analysis of the costs associated with ethics compliance
- D . Monitoring of a hotline to report governance violations