CTP EXAM QUESTIONS BANK;
COMPLETE ACCURATE QUIZZES
WITH VERIFIED ANSWERS
account-to-receiver transfer - correct answer-
Under the FedGlobal ACH Payments system, this
type of transfer allows funds from accounts at a US
depository financial institution to be retrieved by any
receiver either at a participating bank location or at
a trusted, third-party provider in certain receiving
countries.
ask price - correct answer- The price or yield at
which a dealer will sell a
security.
automated clearinghouse (ACH) - correct answer-
An electronic network for low-value credit and debit
financial transactions in the United States.
,available balance - correct answer- The
available amount of funds available for
withdrawal from an account, based on a bank's
availability schedule and/or local regulations.
balance sheet - correct answer- A financial
statement that reports a company's
financial condition—including assets, liabilities, and
stockholders' equity—at a point in time.
bank capital requirements - correct answer-
Rules or regulations that specify the amount of
funds the owners of a bank must contribute to the
business.
Bank Secrecy Act of 1970 (BSA) - correct answer-
A US legislative act under which US banks (and,
in many cases, companies and individuals) are
required to perform due diligence by determining a
customer's identity and monitoring transactions for
,suspicious activity.
bid price - correct answer- The price or yield at
which a dealer will purchase a
security.
broker-dealer - correct answer- A company or
other organization that serves as
an intermediary in the purchase and sale of capital
market securities.
brokerage firms - correct answer-
Institutions/firms that specialize in the sale of
securities to institutional and retail customers by
executing the distribution, or selling, side of an
investment bank's intermediation function.
capital - correct answer- The more permanent
sources of funds used by a company, such as long-term
debt, preferred stock, and common equity.
, capital adequacy - correct answer- A factor that
measures whether the amount of more
permanent sources of funds maintained relative
to the nature and extent of an institution's risks is
sufficient given management's ability to identify,
measure, monitor, and control these risks.
capital tax - correct answer- A type of levy
assessed by some countries
(particularly those experiencing an upsurge in
economic growth) on multinational companies that
are headquartered in another country.
captive finance company - correct answer- A
subsidiary of a large industrial corporation that
finances purchases of the corporation's products.
central bank - correct answer- An entity that is
responsible for implementing and
COMPLETE ACCURATE QUIZZES
WITH VERIFIED ANSWERS
account-to-receiver transfer - correct answer-
Under the FedGlobal ACH Payments system, this
type of transfer allows funds from accounts at a US
depository financial institution to be retrieved by any
receiver either at a participating bank location or at
a trusted, third-party provider in certain receiving
countries.
ask price - correct answer- The price or yield at
which a dealer will sell a
security.
automated clearinghouse (ACH) - correct answer-
An electronic network for low-value credit and debit
financial transactions in the United States.
,available balance - correct answer- The
available amount of funds available for
withdrawal from an account, based on a bank's
availability schedule and/or local regulations.
balance sheet - correct answer- A financial
statement that reports a company's
financial condition—including assets, liabilities, and
stockholders' equity—at a point in time.
bank capital requirements - correct answer-
Rules or regulations that specify the amount of
funds the owners of a bank must contribute to the
business.
Bank Secrecy Act of 1970 (BSA) - correct answer-
A US legislative act under which US banks (and,
in many cases, companies and individuals) are
required to perform due diligence by determining a
customer's identity and monitoring transactions for
,suspicious activity.
bid price - correct answer- The price or yield at
which a dealer will purchase a
security.
broker-dealer - correct answer- A company or
other organization that serves as
an intermediary in the purchase and sale of capital
market securities.
brokerage firms - correct answer-
Institutions/firms that specialize in the sale of
securities to institutional and retail customers by
executing the distribution, or selling, side of an
investment bank's intermediation function.
capital - correct answer- The more permanent
sources of funds used by a company, such as long-term
debt, preferred stock, and common equity.
, capital adequacy - correct answer- A factor that
measures whether the amount of more
permanent sources of funds maintained relative
to the nature and extent of an institution's risks is
sufficient given management's ability to identify,
measure, monitor, and control these risks.
capital tax - correct answer- A type of levy
assessed by some countries
(particularly those experiencing an upsurge in
economic growth) on multinational companies that
are headquartered in another country.
captive finance company - correct answer- A
subsidiary of a large industrial corporation that
finances purchases of the corporation's products.
central bank - correct answer- An entity that is
responsible for implementing and
