[Q410-Q426] Updated Apr-2026 Exam Engine or PDF for the AFP CTP test to help you quickly prepare for the AFP exam!

Q410. A company can dispute any check alterations within how many days after the bank statement has been sent?

Q411. A portfolio manager wishes to make a short-term investment. His investment policy requires that short-term investments be low risk and secured, have a fixed interest rate and be highly liquid/redeemable prior to maturity. Which of the following should the manager choose?

Q412. On a company’s financial statements, an increase in accounts receivable is reflected as a(n):

Q413. A town has $25 million excess funds to invest long term. The town’s investment policy requires it have full FDIC coverage on all investments. The town is willing to do its own due diligence on the financial institutions that they invest in, but would prefer to have one statement. Which of the following investment options meets its requirements?

Q414. A multinational corporation (MNC) moving all of its Mexican peso-denominated revenues into a lower tax- rate jurisdiction could adopt any of the following treasury practices EXCEPT:

Q415. From a buyer’s perspective, which of the following types of float would be eliminated if checks were replaced by electronic payment methods?

Q416. Which of the following would be considered insurance risk management services?

Q417. Two months after a government overthrow, the new Minister of Industry and Culture took over the country’s largest steel company and compensated the owners at 50% of book value. What is the government’s action called?

Q418. A company has a $300,000 credit line of which $200,000 was the average amount outstanding for the year.
The terms of the loan include a 1/2 of 1% commitment fee on the unused portion, an interest rate of 10%, and a compensating balance requirement of 2% of the total credit line. The company’s compensating balances are funded from credit-line borrowings.
If the company negotiates to eliminate the compensating balance requirement and the average borrowings remain at $200,000, the annual interest rate would be:

Q419. Which of the following are commonly used for financing accounts receivable?
I. Factoring
II. Issuing credit cards
III. Revolving bank loans
IV.
Letters of credit

Q420. A currency is said to trade at a discount if it is worth:

Q421. Which of the following factors will allow a company to decrease the amount of collected balances required to compensate its bank for services?

Q422. The analysis of a company launching an initial public offering includes disclosure of information that may interest investors. It also includes confirmation that financial statements reflect true value under GAAP and other pertinent areas of a company’s operations. What is this analysis known as?

Q423. A large retailer is preparing to accept credit cards and anticipates monthly credit card sales of $1,000,000. If the terms with the acquiring bank include bundled allocated fees of 6% and the retailer wishes to delay fee payment as long as possible, what should the retailer do?

Q424. “Fees” in Country Y, which would be considered bribes in the United States, are ingrained in the commercial culture. A U.S. company doing business in Country Y:

Q425. Regarding dividends, on which of the following dates would a company’s current assets be reduced?

Q426. An option can be exercised in the market at its: