Deal of The Day! Hurry Up, Grab the Special Discount - Save 25% - Ends In 00:00:00 Coupon code: SAVE25

- Free Preparation Discussions

AFP CTP Exam - Topic 2 Question 23 Discussion

Actual exam question for AFP's CTP exam

Question #: 23
Topic #: 2

[All CTP Questions]

Which of the following statements is true about lockbox network systems?

ALocal operating units receive funds over the counter and prepare deposits.

BA company processes and prepares its own deposits.

CA bank or third party receives, processes, and deposits currency primarily.

DConsolidated remittance data are generated from multiple collection points.

Show Suggested Answer

Suggested Answer: D

by Elise at May 11, 2026, 04:07 PM

Limited Time Offer

25%

Off

Get Premium CTP Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

Submit Cancel

Tesha

C is definitely true, banks handle that stuff.

upvoted 0 times

...

Shalon

5 days ago

I practiced a similar question, and I think option B is misleading because it suggests the company does everything, which isn't typical for lockbox systems.

upvoted 0 times

...

Carmen

10 days ago

I feel like option D could be correct since it mentions consolidated data, which is important for tracking payments.

upvoted 0 times

...

Aleta

15 days ago

I'm not entirely sure, but I remember something about local units handling deposits, which might relate to option A.

upvoted 0 times

...

Veta

2 months ago

I think option C sounds familiar because we discussed how third parties can handle deposits in lockbox systems.

upvoted 0 times

...