Insurance companies often use which of the following payment instruments?

• A.Time draft
• B.Preauthorized draft/check
• C.Depository transfer check
• D.Payable through draft

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A put option on a company's stock has an exercise price of $20. On the delivery date, the stock is trading at
$24 per share. What should the investor who has paid $2 for the option do?

• A.Not exercise the option and lose $6.
• B.Exercise the option and gain $2.
• C.Not exercise the option and lose $2.
• D.Exercise the option and gain $4.

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Company ABC experienced a loss in the past when an employee in the treasury department was able to transfer $1.5 million to a personal account offshore. The company is working with a security agent to prevent this from happening in the future. ABC also accepts a large number of checks as payment. The agent has suggested upgrades to ABC's payment process. What step should be taken to help mitigate this type of risk in the future?

• A.Securely store check stock.
• B.Set up international bank security.
• C.Implement data security standards.
• D.Implement dual approval.

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The PRIMARY goal of treasury management is to use which of the following efficiently?

• A.Equity
• B.Net income
• C.Payment methods
• D.Cash

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Merchant XYZ has total credit card sales of $20,000 for one day with an average ticket of $200. The merchant's interchange reimbursement fees are 2% and transactions fees are $0.05. This merchant receives net settlement. Which of the following is the value of the deposit for that day?

• A.$19,595
• B.$19,600
• C.$20,000
• D.$19,995

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