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CTP Exam VERIFIED SOLUTIONS, SCORED A+
NO.1 A construction company just received a notification from its bank advising it of an altered
dollar amount on a check. This notification is MOST LIKELY the result of:
A. the use of positive pay.
B. the use of controlled disbursement.
C. automated reconciliation services.
D. reverse positive pay.
Answer: A
NO.2 A United States company must remit a dollar royalty payment to its Japanese subsidiary. Cash
settlement of the payment would typically be made by which of the following?
A. SWIFT
B. ACH
C. CHIPS
D. Giro system
Answer: C
NO.3 A company is considering expanding to a three-site lockbox system from its current two-site
system and has collected the following data:
The average collection float in the current system is:
A. 3,000,000 dollar-days.
B. 8,000,000 dollar-days.
C. 11,000,000 dollar-days.
D. 13,000,000 dollar-days.
Answer: D
NO.4 The Treasury Manager is forecasting sales based on historical data. It was observed that sales
decreased sharply in December last year, normally a high sales volume period. Further investigation
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indicated that a severe winter storm was experienced across the Southeastern United States. How
should this event be classified in the forecast when considering the sales trends?
A. Random movement
B. Stationary series
C. Cyclical pattern
D. Seasonal pattern
CTP Exam VERIFIED SOLUTIONS, SCORED A+
NO.1 A construction company just received a notification from its bank advising it of an altered
dollar amount on a check. This notification is MOST LIKELY the result of:
A. the use of positive pay.
B. the use of controlled disbursement.
C. automated reconciliation services.
D. reverse positive pay.
Answer: A
NO.2 A United States company must remit a dollar royalty payment to its Japanese subsidiary. Cash
settlement of the payment would typically be made by which of the following?
A. SWIFT
B. ACH
C. CHIPS
D. Giro system
Answer: C
NO.3 A company is considering expanding to a three-site lockbox system from its current two-site
system and has collected the following data:
The average collection float in the current system is:
A. 3,000,000 dollar-days.
B. 8,000,000 dollar-days.
C. 11,000,000 dollar-days.
D. 13,000,000 dollar-days.
Answer: D
NO.4 The Treasury Manager is forecasting sales based on historical data. It was observed that sales
decreased sharply in December last year, normally a high sales volume period. Further investigation
, IT Certification Guaranteed, The Easy Way!
indicated that a severe winter storm was experienced across the Southeastern United States. How
should this event be classified in the forecast when considering the sales trends?
A. Random movement
B. Stationary series
C. Cyclical pattern
D. Seasonal pattern
