AFP CTP Exam - Topic 2 Question 18 Discussion

Actual exam question for AFP's CTP exam

Question #: 18
Topic #: 2

What document serves as the basic account or service authorization, empowering a representative of a business to enter into agreements for financial services?

AAccount resolution

BCredit agreement

CService agreement

DSignature card

Show Suggested Answer

Suggested Answer: A

by Taryn at Jan 05, 2026, 05:16 AM

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Lashandra

2 months ago

C) Service agreement could work, but not my first choice.

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Carry

2 months ago

A) Account resolution sounds too vague.

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Salena

3 months ago

I disagree, I lean towards B) Credit agreement.

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Theron

3 months ago

I think it's D) Signature card.

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Deeanna

3 months ago

Just to clarify, the Signature card is used for authorization.

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Benedict

3 months ago

Really? I always thought it was something else entirely.

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Laura

3 months ago

No way, it's the Service agreement for sure!

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Deangelo

3 months ago

I thought it was the Credit agreement.

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Lourdes

4 months ago

It's definitely the Signature card!

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Kallie

4 months ago

Wait, is the answer a credit card? I'm going to need that to pay for this exam!

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Thersa

4 months ago

Hmm, I'm not sure. Is it B) Credit agreement? That sounds like it would give the authority to enter agreements.

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Harrison

5 months ago

D) Signature card, easy peasy. I could do this exam in my sleep.

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Amos

5 months ago

I always get these financial documents mixed up. Signature card, credit agreement, what's the difference?

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Yolande

5 months ago

D) Signature card is the correct answer. It's the document that authorizes the representative to enter into financial agreements.

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Angella

5 months ago

I’m leaning towards D) Signature card too, but I wonder if the credit agreement could also serve that purpose in some cases.

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Wilda

5 months ago

I feel like the credit agreement could also be a contender, but it doesn't seem to fit the description as well as the signature card.

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Quinn

5 months ago

I remember practicing a question similar to this, and I think it was about service agreements. But I can't recall if that fits here.

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Winfred

6 months ago

I think the answer might be D) Signature card, but I'm not entirely sure. It seems like the right document for authorizing someone.

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Daren

6 months ago

Signature card is the way to go on this one. That's the key document that grants the representative the power to make financial deals for the company.

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Merissa

6 months ago

I'm a bit confused by this question. I'll need to review my notes on business financial documents to decide between the options.

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Mica

6 months ago

The signature card seems like the most likely answer here. That's the document that gives the representative the authority to act on behalf of the business.

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