Free AFP CTP Exam Questions

Become AFP Certified with updated CTP exam questions and correct answers

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Total 932 Questions | Updated On: Aug 20, 2026

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Question 1

Which of the following instruments simplifies the paperwork connected with loans that have multiple advance features?

A : ter note

B : nker's acceptance

C : denture agreement

D : te purchase agreement

Answer: A

Question 2

Company A is a large public company with annual revenue of $1.2 billion and high fixed costs. Its stock is listed on the New York Stock Exchange. Company B is a mid-sized company with annual revenue of $100 million and low fixed costs. Its stock is listed on the NASDAQ. Which of the following statements is MOST LIKELY to be true when comparing Company A and Company B?

A : mpany A has greater reporting requirements and more marketable stock than Company B

B : mpany A has greater reporting requirements and less marketable stock than Company B.

C : mpany B has greater reporting requirements and more marketable stock than Company A.

D : mpany B has greater reporting requirements and less marketable stock than Company A.

Answer: A

Question 3

Senior management at ABC Company plans to make a large capital expenditure to bolster its infrastructure exactly one year from now. Their primary concern is to preserve the current capital position until the expected cash outlay. The majority of the cash at ABC Company is held in treasury notes, but management would like to also invest some of the money into corporate bonds and money market funds. Which investment objective BEST suits the needs of ABC Company?

A : posure Horizon

B : versification

C : quidity

D : fety

Answer: D

Question 4

A pizza restaurant chain maintains separate accounts at bank branches near each of their

1,067 restaurants to handle the deposit of cash received. Early each morning, the

company’s point-of-sale system electronically transmits collection totals from the previous

day to its main computer. ACH debits are then initiated to concentrate the funds from the

local accounts to the concentration account the following day. Recently, several of the ACH

debits have been returned for insufficient funds because deposits weren’t being taken to

the bank on a timely basis by the local employees. Without increasing staff at the

restaurants, what could Treasury do to prevent this from happening and avoid overdrafts at

the local banks?

A : gotiate better float schedules at its local banks.

B : tall smart safes at each restaurant location.

C : a courier to deposit to each bank 3 times per week

D : wire transfers to concentrate the cash instead of ACH.

Answer: B

Question 5

Which of the following is LEAST likely to appear on an account analysis?

A : rvice charges

B : erage float balance

C : rnings allowance rate

D : ney market rate

Answer: D

Page: 1 / 187

Total 932 Questions | Updated On: Aug 20, 2026

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