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AFP CTP Question # 204 Topic 21 Discussion

CTP Exam Topic 21 Question 204 Discussion:
Question #: 204
Topic #: 21

Based on the following information, what is the required collected balance to cover all monthly service charges?

Deposit Float$10,000

Reserve Requirement5%

Earnings Credit Rate15%

Monthly Service Charges$6,000

Days in month30
A.

$308,222

B.

$456,000

C.

$486,667

D.

$512,281

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Actual exam question for AFP CTP exam by Solis85118 at May 3, 2026, 5:45:35 PM

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