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NO.1 An art history museum has recently finished renovating its new location. Before the move, the
treasurer considers purchasing additional insurance to protect the art during transit. What form of
additional insurance should the treasurer choose?
A. Business interruption
B. General liability
C. Special multi-peril (SMP)
D. Difference in conditions (DIC)
Answer: D

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NO.2 A small regional bank is losing market share in fiduciary services and the CEO has decided to
scale back the trust department. Which of the following is considered a core service of a trust
department?
A. Providing consulting services in debt origination
B. Paying agent for dividend and interest payments
C. Monitoring compliance with audit procedures
D. Processing drafts for collection.
Answer: B

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Exam Code: CTP
Exam Name: Certified Treasury Professional
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CTP Pass Total Q&A: 932 Questions and Answers
Last Update: 2017-01-03

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