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ABA CTFA Practice Test - Questions Answers, Page 43

List of questions

Question 421

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The optimal balance of marketable securities held to take care of probable deficiencies in the firm's cash account is referred to as the __________ segment in the one's portfolio of shortterm marketable securities.

Ready cash
Ready cash
Controlled cash
Controlled cash
Free cash
Free cash
Cash and cash equivalent
Cash and cash equivalent
Suggested answer: A
asked 16/09/2024
Ariel Acosta
40 questions

Question 422

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The marketable securities available for unassigned purposes at the current time is referred to as the __________ segment in the one's portfolio of short-term marketable securities.

Ready cash
Ready cash
Controlled cash
Controlled cash
Free cash
Free cash
Cash and cash equivalent
Cash and cash equivalent
Suggested answer: C
asked 16/09/2024
Paul Macinic
36 questions

Question 423

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Which of the following is not a standard method of transferring funds when using concentration banking?

Depository transfer check
Depository transfer check
Automated clearinghouse electronic transfer
Automated clearinghouse electronic transfer
Wire transfer
Wire transfer
Payable through draft (PTD)
Payable through draft (PTD)
Suggested answer: D
asked 16/09/2024
fadi kako
46 questions

Question 424

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Which of the following marketable securities is issued by the U.S. federal government?

Commercial papers
Commercial papers
Negotiable certificates of deposit
Negotiable certificates of deposit
Repurchase agreement
Repurchase agreement
T-bills
T-bills
Suggested answer: D
asked 16/09/2024
Mohamed Isaaq
43 questions

Question 425

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Which of the following was not suggested by John Maynard Keynes as a reason for holding cash?

Speculative motive
Speculative motive
Investment motive
Investment motive
Precautionary motive
Precautionary motive
Transaction motive
Transaction motive
Suggested answer: B
asked 16/09/2024
Sweet Don
40 questions

Question 426

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Which of the following statements most accurately describes the modern approach to cash management?

Cash management involves the efficient disbursement of cash
Cash management involves the efficient disbursement of cash
Cash management involves the efficient collection and disbursement of cash
Cash management involves the efficient collection and disbursement of cash
Cash management involves the efficient processing, collection, and depositing of cash
Cash management involves the efficient processing, collection, and depositing of cash
Cash management involves the efficient processing and depositing of cash
Cash management involves the efficient processing and depositing of cash
Suggested answer: C
asked 16/09/2024
Jonathan Dowds
44 questions

Question 427

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Collection float is the __________.

Total time between the mailing of the check by the customer and the availability of cash to the receiving firm
Total time between the mailing of the check by the customer and the availability of cash to the receiving firm
Time consumed in clearing the check through the banking system
Time consumed in clearing the check through the banking system
Time the check is in the mail
Time the check is in the mail
Time during which the check received by the firm remains uncollected
Time during which the check received by the firm remains uncollected
Suggested answer: A
asked 16/09/2024
Reginald Curtis Jr
41 questions

Question 428

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Deposit float is the __________.

Total time between the mailing of the check by the customer and the availability of cash to the receiving firm
Total time between the mailing of the check by the customer and the availability of cash to the receiving firm
Time consumed in clearing the check through the banking system
Time consumed in clearing the check through the banking system
Time the check is in the mail
Time the check is in the mail
Time during which the check received by the firm remains uncollected
Time during which the check received by the firm remains uncollected
Suggested answer: D
asked 16/09/2024
Arushi Rastogi
33 questions

Question 429

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Availability float is the __________.

Total time between the mailing of the check by the customer and the availability of cash to the receiving firm
Total time between the mailing of the check by the customer and the availability of cash to the receiving firm
Time consumed in clearing the check through the banking system
Time consumed in clearing the check through the banking system
Time the check is in the mail
Time the check is in the mail
Time during which the check received by the firm remains uncollected
Time during which the check received by the firm remains uncollected
Suggested answer: B
asked 16/09/2024
Sasha Grib
39 questions

Question 430

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Eurodollars are best described as __________.

The new currency of the European Union
The new currency of the European Union
A U.S. dollar-denominated deposit -- generally in a bank located outside the United States -- that is not subject to U.S. banking regulations
A U.S. dollar-denominated deposit -- generally in a bank located outside the United States -- that is not subject to U.S. banking regulations
A currency deposited outside its country of origin
A currency deposited outside its country of origin
A foreign-denominated deposit subject to U.S. banking regulations
A foreign-denominated deposit subject to U.S. banking regulations
Suggested answer: B
asked 16/09/2024
Eric De La Vega
44 questions
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