Free Access AFP.CTP.v2022-03-29.q351 Practice Test (Page 43)

Question 206

Which of the following statements is true about a forward foreign exchange contract?

A.It does not require an underlying commercial transaction because the contract trades on its own.

B.It specifies delivery of currencies at an exchange rate established today for a currency transaction that settles more than two days in the future.

C.It is a right to buy or sell foreign currency at a specified price within a fixed time period.

D.It is an exchange of currencies at the outset of a transaction at a fixed rate determined by the spot markets.

Question 207

The Treasury Manager of a chain of department stores wants to develop a medium-term forecast.
Management plans to open two new stores, and anticipates same-store sales to increase by 15%.
Which of the following items can be predicted with the highest degree of certainty?

A.Fixed bond interest payment

B.New product sales

C.Refranchising proceeds

D.Taxes on stock options

Question 208

The U.S. Congress establishedthe.

A.UCC.

B.OC

C.FinCEN.

D.OFAC.

Question 209

A privately held company is planning to issue an IPO. If the company decides to do so, which of the following will MOST LIKELY result?

A.Increased managerial flexibility for owners of the company

B.Increased ability to determine company value

C.Decreased liquidity for the company's stock

D.Decreased reporting and disclosure costs for company

Question 210

A retail chain with 500 locations throughout the United States would use which of the following systems?

A.Over-the-counter collections in numerous locations; deposits to field banks

B.A company processing center; deposits to nearby bank(s)

C.A wholesale lockbox with multiple deposit points

D.A retail lockbox with multiple deposit points

Other Version: 923AFP.CTP.v2024-12-30.q219; 44AFP.Examcollectionpass.CTP.v2022-01-21.by.geoffrey.190q.pdf

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Question 207

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