AFP CTP Practice Exams
Last updated on Oct 22,2026- Exam Code: CTP
- Exam Name: Certified Treasury Professional
- Certification Provider: AFP
- Latest update: Oct 22,2026
ABC Company offers trade terms of 2/10 NET 30. For several reasons, ABC has decided to eliminate the requirement for a letter of credit from one of its customers.
If ABC puts the customer on open book credit, what is the MOST LIKELY outcome?
- A . ABC’s credit rating will suffer.
- B . The customer’s working capital has deteriorated.
- C . ABC’s working capital is unchanged.
- D . The customer’s cost of borrowing will increase.
Which of the following is an example of a typical passive investment strategy?
- A . Riding the yield curve
- B . Using a dividend capture program
- C . Investing in overnight repos
- D . Executing a securities swap
After several internal discussions about treasury management systems (TMSes), ABC Company has determined that it has no need for customization but that it does want a backup for high priority capabilities. The company wants to reduce its IT costs and resources but still have IT support with in-depth knowledge of the solutions available.
These parameters will MOST LIKELY result in what kind of TMS?
- A . An ERP module TMS
- B . An integrated TMS
- C . A hosted ASP TMS
- D . Development of its own TMS
A digital signature cannot be forged if:
- A . the private key is never shared with anyone.
- B . maintained by a certificate authority.
- C . it has undergone authentication.
- D . it is RSA-encrypted.
A company has transferred all treasury functions to a new office overseas. When preparing the disaster recovery plan, the treasury manager seeks to identify the mission critical functions and then determine what risks the plan should address.
Which of the following risks should be the focus of the Disaster Recovery Plan?
- A . The majority of the company’s export is to a country with significant currency fluctuations.
- B . The company’s decentralized treasury system operates locally with nightly data back-up to the new treasury office.
- C . The corporate liability insurance policy does not cover the international office.
- D . The company’s investment portfolio has significant equity ownership in the international office country.
In a maturity matching financing strategy, which of the following is financed using short-term sources?
- A . Buildings
- B . Equipment
- C . Accounts payable
- D . Accounts receivable
When will a depositor receive ledger and collected credit for a western check deposited at 2:00 P.M. Wednesday?
Ledger Credit – Collected Credit
- A . Wednesday – Thursday
- B . Wednesday – Friday
- C . Thursday – Thursday
- D . Thursday – Friday
A farmer who plans to sell his/her corn crop in three months would benefit MOST from which of the following?
- A . A long futures contract and falling prices
- B . A long futures contract and steady prices
- C . A short futures contract and rising prices
- D . A short futures contract and falling prices
What does a company with a restrictive current asset investment strategy typically have?
- A . High financing costs
- B . Low accounts receivable balances
- C . High inventory levels
- D . Low tax liabilities
Which of the following is responsible for examining national banks?
- A . The Federal Reserve
- B . The Federal Deposit Insurance Corporation
- C . The Office of the Comptroller of the Currency
- D . The Securities and Exchange Commission