Introduction of AFP CTP Exam!

The AFP Certified Treasury Professional (CTP) exam is a comprehensive exam that tests a candidate's knowledge and understanding of treasury management principles and practices. The exam covers topics such as cash management, financial risk management, capital markets, investments, and financial analysis. The exam is administered by the Association for Financial Professionals (AFP) and is designed to assess a candidate's ability to effectively manage a corporate treasury.

What is the Duration of AFP CTP Exam?

The AFP Certified Treasury Professional (CTP) exam is a two-hour, multiple-choice exam.

What are the Number of Questions Asked in AFP CTP Exam?

The AFP Certified Treasury Professional (CTP) exam consists of 150 multiple-choice questions.

What is the Passing Score for AFP CTP Exam?

The passing score required in the AFP CTP Exam is 70%.

What is the Competency Level required for AFP CTP Exam?

The competency level required for the AFP Certified Treasury Professional (CTP) exam is advanced.

What is the Question Format of AFP CTP Exam?

The AFP Certified Treasury Professional (CTP) exam consists of 150 multiple-choice questions, including both single and multiple-response questions. The exam is delivered in a computer-based format.

How Can You Take AFP CTP Exam?

The AFP CTP exam can be taken online or at a testing center. To take the exam online, you must first register for an online account on the AFP website. Once registered, you will be able to access the exam materials, review the exam content, and take the exam. To take the exam at a testing center, you must register for the exam with the testing center and pay the associated fees. You will then be given a testing date and time, and you must arrive at the testing center on that date and time to take the exam.

What Language AFP CTP Exam is Offered?

The AFP Certified Treasury Professional (CTP) exam is offered in English.

What is the Cost of AFP CTP Exam?

The AFP Certified Treasury Professional (CTP) exam is offered for a fee of $495.

What is the Target Audience of AFP CTP Exam?

The target audience for the AFP Certified Treasury Professional (CTP) Exam is finance professionals with a minimum of two years of treasury experience. This includes treasury managers, cash managers, risk managers, controllers, and other professionals involved in the management of corporate treasury operations.

What is the Average Salary of AFP CTP Certified in the Market?

The average salary of Certified Treasury Professional certified professionals varies widely by role, region, and experience, because it depends on the job the certification is combined with. Check current listings in your market for an up-to-date figure.

Who are the Testing Providers of AFP CTP Exam?

The American Academy of Financial Management (AAFM) is the official provider of the Certified Treasury Professional (CTP) exam. The AAFM offers both online and in-person testing options.

What is the Recommended Experience for AFP CTP Exam?

The recommended experience for the AFP CTP Exam is a minimum of two years' professional experience in corporate treasury and/or finance. It is also recommended that candidates have experience in areas such as cash flow and liquidity management, foreign exchange, risk management, capital markets, and treasury technology. Additionally, candidates should have a basic understanding of corporate financial statement analysis and financial concepts such as present value, internal rate of return, and net present value.

What are the Prerequisites of AFP CTP Exam?

The prerequisite for taking the AFP Certified Treasury Professional (CTP) Exam is a minimum of three years of professional treasury experience. The exam consists of 140 multiple-choice questions and covers topics such as cash and liquidity management, financial risk management, and investments.

What is the Expected Retirement Date of AFP CTP Exam?

The official website for the Certified Treasury Professional (CTP) Exam is www.treasury.org/certification/exam.aspx. You can find information about the exam dates, deadlines, and expected retirement dates on this site.

What is the Difficulty Level of AFP CTP Exam?

The AFP CTP exam is considered to be a moderately difficult exam. It requires a significant amount of knowledge and preparation in order to pass. The exam consists of multiple-choice questions, and the difficulty level can vary depending on the specific topic being tested.

What is the Roadmap / Track of AFP CTP Exam?

The AFP CTP Exam is a certification track and roadmap designed by the Association for Financial Professionals (AFP) to help financial professionals gain a comprehensive understanding of treasury and finance topics. The exam consists of three sections: Treasury Management, Corporate Finance, and Financial Markets & Institutions. Upon successful completion of the exam, individuals are awarded the Certified Treasury Professional (CTP) designation.

What are the Topics AFP CTP Exam Covers?

The AFP CTP exam covers four main topics: 1. Financial Planning Process: This topic covers the fundamentals of financial planning, including the financial planning process, sources of financial data, and the use of financial planning software. 2. Investment Planning: This topic covers the principles of investment planning, including asset allocation, portfolio management, investment vehicles, and portfolio performance measurement. 3. Risk Management and Insurance Planning: This topic covers the principles of risk management, including insurance planning, risk assessment, and risk management strategies. 4. Tax Planning: This topic covers the principles of tax planning, including tax laws, tax strategies, and tax planning techniques.

What are the Sample Questions of AFP CTP Exam?

1. What are the key components of the AFP Certified Treasury Professional (CTP) Exam? 2. What types of questions are included in the CTP Exam? 3. How is the CTP Exam scored? 4. What are the key topics tested on the CTP Exam? 5. How can I best prepare for the CTP Exam? 6. What strategies can I use to maximize my CTP Exam scores? 7. What resources are available to help me prepare for the CTP Exam? 8. What should I focus on when studying for the CTP Exam? 9. How can I identify areas of weakness in my CTP Exam preparation? 10. What are the most important concepts to understand when taking the CTP Exam?

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Free CTP – Certified Treasury Professional Practice Test Question

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Showing 1–20 of 20 questions

Question 1 (Volume I)

A U.S. exporter has agreed to export goods to a Canadian buyer with net 30 payment terms due in Canadian dollars. What type of risk is the exporter exposed to?

Select an option, then click Submit answer.

○
Economic exposure
○
Commodity exposure
○
Transaction exposure
○
Translation exposure

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Question 2 (Volume E)

Trade terms are renegotiated under e-commerce in order to:

Select an option, then click Submit answer.

○
balance the payment.
○
neutralize the float.
○
quantify the savings.
○
improve the seller's availability.

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Question 3 (Volume A)

The MOST common way that companies structure their treasury operations is as a:

Select an option, then click Submit answer.

○
cost center.
○
profit center.
○
shared service center.
○
in-house bank.

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Question 4 (Volume C)

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?

Select an option, then click Submit answer.

○
Accept gross settlement.
○
Place a hold on consumer credit limits.
○
Receive net settlement.
○
Delay funds transfer to card-issuing banks.

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Question 5 (Volume D)

A publicly held U.S. company has reported at the beginning of the year that it expects to increase shareholder value by 5%. The current expectations are for interest rates to remain steady with a decline in fourth quarter. Treasury policy requires that investments be 90 days or less and investment grade. How should the company invest excess cash to support this goal?

Select an option, then click Submit answer.

○
Commercial paper
○
High-yield bonds
○
16-week U.S. Treasury bill
○
BB rated bond

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Question 6 (Volume F)

Which of the following is an advantage of a decentralized disbursement system?

Select an option, then click Submit answer.

○
Local manager autonomy
○
The elimination of idle cash balances at local banks
○
The ease of obtaining cash position information
○
Reduced operating costs

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Question 7 (Volume A)

Convertible securities consist of preferred stock anD.

Select an option, then click Submit answer.

○
treasury stock.
○
common stock.
○
bonds.
○
tracking stock.

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Question 8 (Volume E)

This question is based on the following data describing a company's actual deposits.

If a five-day moving average is used, what was the deposit forecast for day six?

Select an option, then click Submit answer.

○
$75
○
$85
○
$90
○
$110

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Question 9 (Volume C)

One example of increased use of electronic payments for retail businesses to convert customer checks to cash at the counter more quickly is:

Select an option, then click Submit answer.

○
BOC.
○
POP.
○
ARC.
○
POD.

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Question 10 (Volume F)

A netting system can be used for all of the following EXCEPT:

Select an option, then click Submit answer.

○
intracompany transactions.
○
giro payments.
○
third-party payments or receipts.
○
foreign exchange transactions.

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Question 11 (Volume A)

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

Select an option, then click Submit answer.

○
Collection
○
Invoicing
○
Disbursement
○
Lockbox

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Question 12 (Volume E)

If a bank has a 10% reserve requirement, a 31-day month, and an earnings credit rate of 6.5%, which of the following is the approximate level of collected balances required to support $1.00 worth of bank service charges?

Select an option, then click Submit answer.

○
$181
○
$199
○
$201
○
$206

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Question 13 (Volume I)

Whether through an active or passive decision by management, a risk management policy of control without financing results in:

Select an option, then click Submit answer.

○
risk retention.
○
risk transfer.
○
risk avoidance.
○
risk indemnification.

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Question 14 (Volume C)

Which of the following options would be BEST suited for a firm that wishes to pay no premium?

Select an option, then click Submit answer.

○
Cap
○
Collar
○
Floor
○
Swaption

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Question 15 (Volume H)

Which of the following is considered an important factor when selecting a financial service provider?

Select an option, then click Submit answer.

○
CAMELS score
○
Expertise of bank personnel
○
Country of origin
○
Timely response to the RFP

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Question 16 (Volume F)

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

Select an option, then click Submit answer.

○
I and II only
○
I and III only
○
III and IV only
○
I, II, and III only
○
Factoring
II. Issuing credit cards
III. Revolving bank loans
IV. Letters of credit

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Question 17 (Volume E)

Which of the following are KEY issues to be considered when establishing a shared service center (SSC)?

I. Selecting the location

II. Comparing an SSC structure to outsourcing of a process

III. Choosing and implementing the technology for SSC

IV. Choosing the collection bank

Select an option, then click Submit answer.

○
I and III only
○
II and IV only
○
I, II, and III only
○
II, III, and IV only
○
Selecting the location
II. Comparing an SSC structure to outsourcing of a process
III. Choosing and implementing the technology for SSC
IV. Choosing the collection bank

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Question 18 (Volume D)

A U.S. company wants to increase its cash turnover rate. It is finding that customers are not taking the offered discount terms of 3/15, net 35. What action might the company take in order to achieve its goal?

Select an option, then click Submit answer.

○
Increase the days’ sales outstanding.
○
Obtain short-term financing.
○
Factor the accounts receivable.
○
Change inventory accounting from FIFO to LIFO.

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Question 19 (Volume F)

All of the following are differences between Fedwire and ACH EXCEPT:

Select an option, then click Submit answer.

○
ACH per item transaction costs are less.
○
ACH transactions have delayed settlement.
○
ACH transactions involve more consumer payments.
○
ACH items have no credit risk.

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Question 20 (Volume B)

The exchange of a fixed interest rate cash flow for a floating interest rate cash flow with both interest rates in the same currency is an example of:

Select an option, then click Submit answer.

○
a vanilla swap.
○
an interest rate option.
○
a basis-rate swap.
○
an interest rate cap.

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About the CTP Free Practice Test

Thinking of taking the Certified Treasury Professional (CTP) exam? This free AFP practice test is the place to start. The 20 questions come free from the full 932-question Study4Pass practice set — a quick, honest check of where you stand. The free sample is made up of 20 single-answer questions, each with a full explanation. The set follows the real exam’s spread of topics: Financial Planning Process, Investment Planning, Risk Management and Insurance Planning and Tax Planning. The AFP Certified Treasury Professional (CTP) exam is a comprehensive exam that tests a candidate's knowledge and understanding of treasury management principles and practices.

The target audience for the AFP Certified Treasury Professional (CTP) Exam is finance professionals with a minimum of two years of treasury experience. The prerequisite for taking the AFP Certified Treasury Professional (CTP) Exam is a minimum of three years of professional treasury experience.

Certification: Certified Treasury Professional (CTP)
Vendor: AFP
Free on this page: 20 practice questions with answers and explanations
Full practice set: 932 questions

Work through the questions one at a time and read every explanation, even for the ones you get right — the reasoning behind an answer is what the real exam tests. If one area keeps costing you marks, you have found exactly what to revise before exam day.

Think of the result as a map, not a verdict. The questions you miss point straight at the topics that need work, and the explanations tell you why the correct option wins. Candidates who loop through that cycle — practise, review the reasoning, re-test — walk into the real exam having already seen their weak spots and fixed them.

Inside the full CTP practice set:

All 932 questions with answers and explanations
Timed Exam Simulation that mirrors the real exam pressure
Topic Training to drill one domain at a time
Ask AI for More Explanation on every question
Flag questions and review them before you finish

How to use this CTP free practice test

There is no clock and no account needed. Answer each question, check the result, and read the explanation before moving on. For anything that still feels unclear, Ask AI is built into this AI-Enabled practice test — it explains the concept behind the question so the next one like it gets easier. When the free sample feels comfortable, the full set of 932 questions adds timed Exam Simulation, topic-by-topic training, and flagged-question review — the closest thing to exam day you can get before the real thing.

What to study for each CTP domain

Financial Planning Process — This topic covers the fundamentals of financial planning, including the financial planning process, sources of financial data, and the use of financial planning software.
Investment Planning — This topic covers the principles of investment planning, including asset allocation, portfolio management, investment vehicles, and portfolio performance measurement.
Risk Management and Insurance Planning — This topic covers the principles of risk management, including insurance planning, risk assessment, and risk management strategies.
Tax Planning — This topic covers the principles of tax planning, including tax laws, tax strategies, and tax planning techniques.

CTP practice test — quick questions

Is this CTP practice test free?

Yes. Every question on this page — all 20 of them — is free to use, and you never need to create an account to try them.

How many questions are in the full CTP set?

The full Study4Pass set for CTP has 932 practice questions. This page gives you 20 of them free so you can judge the quality and difficulty first.

Does the free test show the answers?

Yes. Check any question to reveal the correct answer and its explanation, and use Ask AI whenever you want the underlying concept explained step by step.