The credit risk in the settlement of a Fedwire is borne by the:

• A.sending company.
• B.receiving company.
• C.Federal Reserve.
• D.receiving bank.

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A treasury employee of Company XYZ is privy to financial reporting information yet to be released to the public. He knows that year-end earnings exceed last year's and would be viewed as positive to the investment community. He casually mentions to a relative that now would be a good time to buy the stock of Company XYZ. Which section of the treasury code of ethics would typically be violated by such a disclosure?

• A.Confidential information
• B.External activities
• C.Employee conduct
• D.Conflict of interest

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A consumer is presented with payment options from a merchant when making a purchase. The consumer does not wish to share any information that could be later used in identity theft or fraud, while the merchant requires guaranteed payments within 24 hours with no NSFs or declined payments. Which of the following options would suit both the consumer and the merchant?

• A.Direct debit
• B.Credit card payment
• C.E-check
• D.NACHA's Secure Vault PaymentsTM

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A privately held company is planning to issue an IPO. If the company decides to do so, which of the following will MOST LIKELY result?

• A.Decreased reporting and disclosure costs for company
• B.Increased managerial flexibility for owners of the company
• C.Increased ability to determine company value
• D.Decreased liquidity for the company's stock

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If the Federal Reserve Board increased the discount rate, you would expect:

• A.long-term bonds to decrease more in price than short-term bonds.
• B.that there would be no effect on either long- or short-term bond prices.
• C.long-term bonds to increase more in price than short-term bonds.
• D.short-term bonds to decrease more in price than long-term bonds.

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