CTP無料問題集「AFP Certified Treasury Professional」

質問 1

What European financial regulation requires financial institutions to charge for research and transaction processing separately?

（A）Markets in Financial Instruments Directive (MiFID)

（B）European Payment Services Directive (PSD) 2

（C）European Payment Services Directive (PSD) 1

（D）General Data Protection Regulation (GDPR)

正解：B 解答を投票する

質問 2

Which of the following is a characteristic of giro systems used in countries in Europe?

（A）They do not replace checks for the payment of bills.

（B）They operate through their postal systems.

（C）They do not allow the use of direct debits and credits.

（D）They are primarily used for company-to-company payments.

正解：B 解答を投票する

質問 3

A small group of investors is purchasing a company using a large amount of debt. This group is intending to sell off pieces of the acquired company to other firms that it believes can take advantage of potential synergies. What is this type of a transaction more specifically known as?

（A）An acquisition

（B）A leveraged buyout

（C）An asset purchase

（D）A merger

正解：B 解答を投票する

質問 4

A U.S. company wants to increase its cash turnover rate. It is finding that customers are not taking the offered discount terms of 3/15, net 35. What action might the company take in order to achieve its goal?

（A）Obtain short-term financing.

（B）Change inventory accounting from FIFO to LIFO.

（C）Factor the accounts receivable.

（D）Increase the days' sales outstanding.

正解：C 解答を投票する

質問 5

Each of the following statements is true of both defined benefit plans and defined contribution plans EXCEPT:

（A）the Pension Protection Act of 2006 includes significant changes to the rules governing both types of plans.

（B）both can be classified as overfunded or underfunded depending on the value of plan assets.

（C）the treasurer is normally responsible for overseeing the performance of the plan fund managers.

（D）both of the plans are typically structured as single-employer plans and maintained for employees.

正解：B 解答を投票する

質問 6

ABC Company, a U.S. company, has an overseas customer, XYZ Inc., who wants to purchase $3.1 million of equipment from ABC Co. XYZ Inc. wants to structure payment by paying 10% at time of order, 40% at time of shipment and the remaining 50% at time of receipt of the equipment. The last time XYZ Inc. purchased equipment from ABC Co. they never paid the final 50%, claiming the equipment did not work properly.
Which of the following can ABC Co. use for this transaction to guarantee payment?

（A）Documentary collection

（B）Performance guarantee

（C）Commercial letter of credit

（D）Installment credit

正解：C 解答を投票する

質問 7

A company using open account terms with buyers has experienced the following in its last fiscal year:
* Gross sales increased from $10,000,000 to $11,000,000
* Net revenue decreased from $5,000,000 to $4,000,000
* DSO increased from 45 days to 60 days
What has the company MOST LIKELY discovered?

（A）The cash conversion cycle is lower.

（B）Account delinquencies have increased.

（C）Days' inventory has decreased.

（D）Interest rates on bad debt have increased.

正解：A 解答を投票する

質問 8

An art history museum has recently finished renovating its new location. Before the move, the treasurer considers purchasing additional insurance to protect the art during transit. What form of additional insurance should the treasurer choose?

（A）Special multi-peril (SMP)

（B）Business interruption

（C）General liability

（D）Difference in conditions (DIC)

正解：D 解答を投票する

質問 9

The measurement of the significance of any loss exposure depends on:

（A）loss type and loss prevention.

（B）loss frequency and loss type.

（C）loss response and loss control.

（D）loss probability and loss history.

正解：B 解答を投票する

質問 10

Over the past 3 years XYZ Company has expanded into multiple countries and significantly grown its banking relationships. The company now incurs significant expenses related to payment transaction costs and maintaining multiple bank connections. What should the company use to combat these rising costs?

（A）CHIPS network

（B）SWIFT network

（C）Treasury workstation

（D）ACH network

正解：B 解答を投票する

質問 11

The renegotiation of trade payment terms in an e-commerce environment should include which of the following?

（A）Application of the payment to the accounts receivable system

（B）NACHA format chosen for the payments

（C）A bank that will process the payment

（D）Evaluation of payment clearing history

正解：D 解答を投票する

質問 12

Treasury policies and procedures should outline roles and responsibilities for which of the following activities?

（A）Initiating and approving internal and external transfers

（B）Determining how much earnings are to be paid out in dividends

（C）Establishing and communicating a company's credit policies

（D）Monitoring compliance with trade payment terms

正解：A 解答を投票する

質問 13

A globally diversified manufacturing company can manage its liquidity more effectively by:

（A）pooling cash of subsidiaries.

（B）using repatriation strategies.

（C）reducing its international bank network.

（D）centralizing bank accounts.

正解：A 解答を投票する

質問 14

Treasury uses which of the following internal sources of information in its daily operations?

（A）Sales and purchasing summaries

（B）Information technology budgets

（C）Product development plans

（D）Marketing reports

正解：A 解答を投票する

質問 15

A bank's reserve requirement on demand deposits is 10%, and its earnings credit rate is 6%. If a company uses bank services amounting to $2,600 and has an excess of $550 in earnings credit, what is the average collected balance in the account based on a 30-day month?

（A）$461,889

（B）$123,921

（C）$709,731

（D）$585,810

正解：C 解答を投票する

質問 16

When evaluating candidates who have responded to an RFP for banking services, a highly leveraged company will probably apply a higher weighting to:

（A）the cost of switching providers.

（B）the adequacy of internal controls.

（C）the ability to customize services.

（D）flexible credit terms at competitive rates.

正解：D 解答を投票する

質問 17

Which of the following fundamental factors involved in determining an operational risk management strategy is most affected by the new corporate governance standards and "whistle-blower" laws?

（A）Culture

（B）Procedures

（C）Technology

（D）Reporting

正解：A 解答を投票する

質問 18

One of the PRIMARY ways the Fed addresses systemic risk is by:

（A）setting daylight overdraft limits for its member banks.

（B）establishing intra-day credit limits for ACH originators.

（C）assigning passwords and PINs to identify authorized users of its Fedwire system.

（D）setting minimum reserve requirements for its member banks.

正解：A 解答を投票する

質問 19

Under which of the following circumstances is lengthening the disbursement mail float NOT a benefit to the disbursing company?

（A）Vendors view a substantial delay as a late payment.

（B）Interest rates are high.

（C）The lengthened mail float exceeds standard clearing times.

（D）Clearing float is reduced only slightly.

正解：A 解答を投票する

CTP 無料問題集「AFP Certified Treasury Professional」

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