In developing treasury policies and procedures, which activity requires key controls to be in place?

• A.Debt management
• B.Tax management
• C.Materials loss prevention
• D.Revenue recognition

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The term "factoring" refers to a:

• A.short-term financing method.
• B.Federal Reserve Open Market Committee activity.
• C.mathematical formula used in calculating bond prices.
• D.reduction of bank fees related to volume.

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Which of the following methods of compensation is NOT used by banks in the United States?

• A.Value dating
• B.Wire charges
• C.Account service fees
• D.Check clearing charges

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The MOST effective way to reduce the internal risk of technology as it relates to critical treasury functions is to:

• A.secure complex spreadsheets with formula protection and multi-level password access.
• B.replace complex spreadsheets with certified treasury systems.
• C.implement an integrated accounts payable module as part of an automated general ledger package.
• D.back up complex spreadsheets from PCs onto a local area network server daily.

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The role of the depository bank in the check-clearing process is typically which of the following?

• A.To place a hold on the check until cleared
• B.To encode the check amount on the MICR line
• C.To inspect the check for proper signature
• D.To ensure that the check is not stale-dated

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