Online Access Free CTP Practice Test

A major publicly owned U.S. airline announces that it can no longer meet its pension obligations. Which organization will assume control of the airline's pension plan?

• A.The CIEBA
• B.The PBGC
• C.The DOL
• D.The FDIC

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

• A.Earnings allowance rate
• B.Service charges
• C.Money market rate
• D.Average float balance

A U.S. government agency issues securities transfers using Fedwire Book-Entry Securities System. The first transfer request of the day in the amount of $1 million is sent at 1:00 p.m. EST, the second one for $2 million at 3:30 p.m. EST, the third one for $3 million at 4:30 p.m. EST and the fourth one for $4 million at 5:00 p.m.
EST, all on the same day. Which of the following represents the total value transferred at 5:00 p.m. EST that day?

• A.$1 million
• B.$6 million
• C.$3 million
• D.$10 million

Which of the following trade payment methods virtually eliminates the seller's credit risk?

• A.Consignment
• B.Bankers' acceptance
• C.Countertrade
• D.Cash before delivery

Given the information in the data set, what is the earnings credit for January?

• A.$1,388.63
• B.$1,221.99
• C.$1,238.97
• D.$1,182.58