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CTP · Question #15
CTP Question #15: Real Exam Question with Answer & Explanation
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Question
- (Topic 1) A cash manager has determined that the break-even amount for justifying a wire transfer over an ACH for concentration of funds is $145,000. Using a wire instead of an ACH gives the company use of the funds two days earlier to make overnight investments. Based on a wire transfer cost of $10.00 and an ACH transaction cost of $0.70, what is the company's overnight investment interest rate on a 365-day year basis?
Options
- A0.95%
- B1.17%
- D2.57%
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