10 free CTP practice questions in the real exam format, covering the official content areas, with an explanation for every answer.
CTP Practice Test 14Tutor mode
Question 1 of 10
Maintain corporate liquidity required to meet current and future obligations in a timely and cost effective manner
FX quotes used by Corvane Instruments (U.S. parent), mid rates
Pair
Quote convention
Spot
3-month forward points
EUR/USD
USD per 1 EUR
1.0800
+45
GBP/USD
USD per 1 GBP
1.2700
+18
USD/JPY
JPY per 1 USD
150.00
−105
Forward points are in the fourth decimal place for EUR/USD and GBP/USD and in the second decimal place for USD/JPY.
Corvane's UK subsidiary must convert GBP 2,000,000 of sale proceeds into euros today to pay a German supplier. Using the spot mid rates in the table, how many euros will it receive? Round to the nearest euro.