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Last Update: 2016-11-29
CTP pass guide Detail: CTP PDF cram exam
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NO.1 Netting is used by which of the following as a cross-border payment technique?
A. Foreign subsidiaries of a company
B. European giro providers
C. TARGET participants
D. Counterparties in a letter of credit transaction
Answer: A
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NO.2 What do MOST companies try to maintain due to the signaling effect and clientele effect?
A. A stable policy of retained earnings
B. A stable dividend policy
C. A consistent payment date
D. A dividend reinvestment plan
Answer: B
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