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

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