CTP Day 1 Mock Exam

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It’s clear you made an effort… but your real performance is still waiting to shine! 😄
Don’t worry—this is just the starting point. With a bit more focus and review, you’ll see a big improvement.
Go back over the material, ask questions, work on the weak areas… and I’m here to support you every step of the way!

Best of Luck!
Dr. Hesham Mokhiemer

واضح إنك حاولت… بس لسه عندك فرصة كبيرة تطوّر مستواك! 😄
ولا تشيل هم—دي مجرد بداية. شوية تركيز ومراجعة إضافية وهتشوف الفرق بنفسك.
ارجع للمواد، اسأل لو في نقطة مش واضحة… وأنا معاك خطوة بخطوة. المهم إنك تكمل وما توقفش

تحياتي
د. هشام مخيمر
Good start — you’re beginning to get the idea! Your score shows you have a foundation, but you need a little more practice and refinement.
Review the questions you struggled with and try again. Small steps, taken consistently, will get you exactly where you want to be.

Best of Luck!
Dr. Hesham Mokhiemer

تمام… بدأت تلتقط الخيط! نتيجتك بتقول إن الأساس موجود، بس محتاج شوية تقوية وتركيز إضافي
راجع النقاط اللي وقفت قدامك وحاول الأسئلة مرة تانية. خطوة صغيرة كل مرة… وهتوصل للي أنت عايزه ان شاء الله

تحياتي
د. هشام مخيمر
Congratulations on your progress, BUT!! Your score between 60% and 70% shows you’re very close to fully succeeding.
Focus on the feedback, review the areas that need improvement, and with a bit more effort, reaching 70% will be easy. I’m here supporting you every step of the way

Best of Luck!
Dr. Hesham Mokhiemer

مبروك! عدّيت بنجاح، وده في حد ذاته إنجاز ممتاز
لكن خليني أقولك بصراحة… اللي يوصل للدرجة دي يقدر يطلع أعلى بسهولة.
كمّل بنفس الحماس، وهتشوف نفسك قريب فوق الـ 80% كمان ان شاء الله

تحياتي
د. هشام مخيمر
Congratulations! You passed — and that’s already a strong achievement.
But let me be honest… someone who reaches this level can definitely go much higher.
Keep up the effort and you’ll soon break into the 80s and beyond!”

مبروك! عدّيت بنجاح، وده في حد ذاته إنجاز ممتاز
لكن خليني أقولك بصراحة… اللي يوصل للدرجة دي يقدر يطلع أعلى بسهولة
كمّل بنفس الحماس، وهتشوف نفسك قريب فوق الـ 80% كمان!” ان شاء الله

تحياتي
د. هشام مخيمر
Excellent work! This is a very strong performance — you clearly understand the material and are in full control.
Keep the momentum and aim to stay among the top performers.
If you continue with this level of seriousness, hitting 100% is only a matter of time!
Best of Luck!
Dr. Hesham Mokhiemer

ممتاز! أداء قوي جدًا… باين إنك فاهم ومسيطر على المادة بشكل رائع
Top Performers استمر بالشكل ده وخليك من الـ
لو تكمّل بنفس الجدية دي… الوصول للـ 100% ان شاء الله, مسألة وقت بس
تحياتي
د. هشام مخيمر

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Question 1 of 20

1. Question

In terms of corporate governance; who assumes the role of trustee or fiduciary for stakeholders including shareholders, donors to not-for-profits, customers, employees and even society in general?

Management of the company.
Correct Incorrect Correct answer

Internal auditor.
Correct Incorrect Correct answer

Board of directors.
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Risk manager.
Correct Incorrect Correct answer

Correct

Incorrect
Question 2 of 20

2. Question

Which is an expected result of proper long-term treasury management?

Funds and information are available to sustain senior management’s initiatives.
Correct Incorrect Correct answer

The organization is able to invest in every good opportunity that arises.
Correct Incorrect Correct answer

Cash is safeguarded in secure locations within the organization.
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Cash is available to pay vendors, utilities and employees without undue delays.
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Correct

Incorrect
Question 3 of 20

3. Question

Which of the following roles would be responsible for preserving and collecting accounts receivable?

Credit manager.
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Accounts payable manager.
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Assistant treasurer.
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Cash manager.
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Correct

Incorrect
Question 4 of 20

4. Question

A bank has its headquarter located in the United states but also operates in a number other c What services can it offer at each location?

It can offer a consistent set of services that comply with headquarters country regulations.
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It must offer a consistent set of services that comply with all regulations in each country in which it operates.
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It must offer a consistent set of services that comply with both the host and headquarters country regulations.
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It must offer a consistent set of services that differ to conform with each country’s guidelines.
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Question 5 of 20

5. Question

Which of the following types of financial institutions executes the distribution side of an investment bank’s intermediation function and can sell research that has some guarantee of independence?

Full-service brokerage firm.
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Full-service underwriting firm.
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Discount brokerage firm.
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Discount underwriting firm.
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Correct

Incorrect
Question 6 of 20

6. Question

In contrast with money market funds (MMFs), short-duration mutual funds

Have a higher risk of fluctuations in their underlying value.
Correct Incorrect Correct answer

Have shorter average maturities.
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Typically have a fixed unit currency value (NAV).
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Typically invest in tax-exempt, offshore investments.
Correct Incorrect Correct answer

Correct

Incorrect
Question 7 of 20

7. Question

Which of the following qualities of asset-backed commercial paper (ABCP) equate to a moderately higher rate of the return than standard CP?

I. It is secured against assets from a single company or a range of companies

II. ABCP is harder to appraise than standard CP

III. Liquidity Support (or credit enhancement) facilitate timely repayment at maturity

IV. Assets used as collateral require specialist credit-monitoring

II and IV only.
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I, II and IV only.
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I, II, III and IV.
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I and III only.
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Incorrect
Question 8 of 20

8. Question

What is usually being sold and repurchased in a repurchase agreement (repo)?

Short-term trade receivables.
Correct Incorrect Correct answer

Commercial paper (CP).
Correct Incorrect Correct answer

Floating rate notes (FRNs).
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Government securities.
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Incorrect
Question 9 of 20

9. Question

Why have financial institutions (FIs) been heavy users of preferred stock?

Because if the shares are convertible, it adds new capital to the FI when converted.
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Because dividend payments on preferred stock have a popular tax deductibility feature.
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Because financially stable financial institutions have minimal tax advantages for debt.
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Because most regulatory authorities count preferred stock a regulatory capital.
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Question 10 of 20

10. Question

Why must individuals responsible for funds management interact daily with accounts payable and accounts receivable?

Because they indirectly impact cash management and report directly to treasury.
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Because they directly impact cash management and report to managers outside treasury.
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Because they indirectly impact cash management and report to managers outside treasury.
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Because they directly impact cash management and report directly to investor relations.
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Question 11 of 20

11. Question

All of the following are used to determine required collected balances EXCEPT

Transaction volume.
Correct Incorrect Correct answer

Availability of funds.
Correct Incorrect Correct answer

Earnings credit rate.
Correct Incorrect Correct answer

Unit service price.
Correct Incorrect Correct answer

Correct

Incorrect
Question 12 of 20

12. Question

Calculate the earnings credit for a 30-day month on a bank account that has $1,000,000 in average ledger balances, average deposit float of $100,000, a reserve requirement (PR) of 10% and an earnings credit rate (ECR) of 2%.

$1,350 .
Correct Incorrect Correct answer

$1,183 .
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$1,209 .
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$1,296 .
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Correct

Incorrect
Question 13 of 20

13. Question

When preparing a request for proposal (RFP), which is the BEST solution if a vendor longlist is simply too large for the company’s requirements?

Keep adding criteria until the list is shorter.
Correct Incorrect Correct answer

Wait until responses from the vendors are received and the narrow the lists.
Correct Incorrect Correct answer

Exclude vendors that do not meet the current set of requirements.
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Send the RFP during a popular vacation month with a short window limit.
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Correct

Incorrect
Question 14 of 20

14. Question

Which is a best practice for a situation in which a bidder for a request for proposal (RFP) asks the organization a question related to the RFP?

Respond to that vendor individually only.
Correct Incorrect Correct answer

Share the question and its answer with the entire bidder pool.
Correct Incorrect Correct answer

State that no further information will be supplied out of fairness to other bidders.
Correct Incorrect Correct answer

Respond to the vendor individually bur respond to all only if many vendors ask that question.
Correct Incorrect Correct answer

Correct

Incorrect
Question 15 of 20

15. Question

Which of the following can a bank do to offset the cost of federally mandated deposit insurance from the Federal Deposit Insurance Corporation (FDIC)?

Charge a fee but not list the agency name in the fee label.
Correct Incorrect Correct answer

Banks cannot charge a fee to recover this cost.
Correct Incorrect Correct answer

Charge a fee and indicate that this amount goes directly to the FDIC.
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Charge a fee that should be labeled as FDIC fees.
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Correct

Incorrect
Question 16 of 20

16. Question

What is a best practice for an organization to do immediately following the final vendor meeting and demonstration for a request for proposal (RFP)?

Immediately select a vendor before the presentations fade from memory.
Correct Incorrect Correct answer

Review or adjust scoring and select a vendor within a day or two at most.
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Prepare questions for vendors but delay responding to create a better contract negotiation atmosphere.
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Review or adjust scoring but only select a vendor once reasonable issues are settled.
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Correct

Incorrect
Question 17 of 20

17. Question

A country passes a law stating that international businesses wishing to operate in that country must be owned by resident nationals. What type of political risk does this scenario present?

FX rate.
Correct Incorrect Correct answer

Blocked currencies.
Correct Incorrect Correct answer

Required majority ownership.
Correct Incorrect Correct answer

Forced reinvestment.
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Correct

Incorrect
Question 18 of 20

18. Question

When Calculating the sources and uses of funds on the statement of cash flows, how would the following changes between the prior and current period’s balance sheet accounts be interpreted on the statement of cash flows?

I. Increase in an asset

II. Increase in depreciation

III. Decrease in asset

IV. Decrease in a liability

I and IV are uses of funds; II and III are source of funds.
Correct Incorrect Correct answer

I, II and IV are uses of funds; III is a source of funds.
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III is a use of fund; I, II and IV are sources of funds.
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II and III are uses of funds; I and IV are sources of funds.
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Correct

Incorrect
Question 19 of 20

19. Question

Which of the following shows what would be acceptable to list at the top of an income statement, and why?

As of January 31, 20XX; it is measured at a point in time.
Correct Incorrect Correct answer

For the Year Ended 20XX; it is measured at a point in time.
Correct Incorrect Correct answer

As of January 31, 20XX; it is measured over a span of time.
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For the Year Ended 20XX; it is measured over a span of time.
Correct Incorrect Correct answer

Correct

Incorrect
Question 20 of 20

20. Question

A division of a toy company has net income of $2,000, short-term debt of $2,000, long-term debt of $5,000 and the shareholder’s equity of $20,000. The division has the opportunity to invest in a new line of collectible cards, which would increase its short-term debt to $3,000, long-debt to $15,000, and net income to $2,600. The overall cost of capital for the toy division’s holding company is 7%. What would the residual income be before and after the investment?

$110 before and -$60 after
Correct Incorrect Correct answer

$110 before and $150 after
Correct Incorrect Correct answer

$250 before and -$60 after
Correct Incorrect Correct answer

$250 before and $150 after
Correct Incorrect Correct answer

Correct

Incorrect

CTP Day 1 Mock Exam

Quiz Summary

Information

Information

Results

Results

Categories

1. Question

In terms of corporate governance; who assumes the role of trustee or fiduciary for stakeholders including shareholders, donors to not-for-profits, customers, employees and even society in general?

2. Question

Which is an expected result of proper long-term treasury management?

3. Question

Which of the following roles would be responsible for preserving and collecting accounts receivable?

4. Question

A bank has its headquarter located in the United states but also operates in a number other c What services can it offer at each location?

5. Question

Which of the following types of financial institutions executes the distribution side of an investment bank’s intermediation function and can sell research that has some guarantee of independence?

6. Question

In contrast with money market funds (MMFs), short-duration mutual funds

7. Question

Which of the following qualities of asset-backed commercial paper (ABCP) equate to a moderately higher rate of the return than standard CP?

I. It is secured against assets from a single company or a range of companies

II. ABCP is harder to appraise than standard CP

III. Liquidity Support (or credit enhancement) facilitate timely repayment at maturity

IV. Assets used as collateral require specialist credit-monitoring

8. Question

What is usually being sold and repurchased in a repurchase agreement (repo)?

9. Question

Why have financial institutions (FIs) been heavy users of preferred stock?

10. Question

Why must individuals responsible for funds management interact daily with accounts payable and accounts receivable?

11. Question

All of the following are used to determine required collected balances EXCEPT

12. Question

Calculate the earnings credit for a 30-day month on a bank account that has $1,000,000 in average ledger balances, average deposit float of $100,000, a reserve requirement (PR) of 10% and an earnings credit rate (ECR) of 2%.

13. Question

When preparing a request for proposal (RFP), which is the BEST solution if a vendor longlist is simply too large for the company’s requirements?

14. Question

Which is a best practice for a situation in which a bidder for a request for proposal (RFP) asks the organization a question related to the RFP?

15. Question

Which of the following can a bank do to offset the cost of federally mandated deposit insurance from the Federal Deposit Insurance Corporation (FDIC)?

16. Question

What is a best practice for an organization to do immediately following the final vendor meeting and demonstration for a request for proposal (RFP)?

17. Question

A country passes a law stating that international businesses wishing to operate in that country must be owned by resident nationals. What type of political risk does this scenario present?

18. Question

When Calculating the sources and uses of funds on the statement of cash flows, how would the following changes between the prior and current period’s balance sheet accounts be interpreted on the statement of cash flows?

I. Increase in an asset

II. Increase in depreciation

III. Decrease in asset

IV. Decrease in a liability

19. Question

Which of the following shows what would be acceptable to list at the top of an income statement, and why?

20. Question