GFOA CPFO Exam Practice Test Instant Access

Question 1

The federal government requires non-profit and privet firms to make _______________ assumption regarding future interest rates, wage increases, inflation and the like.

AImplicit, one understated by another

BExplicit

CBoth A&B

DNone of these

Answer : C

Question 2

A full-Faith-and-credit bond is a term used for:

ALease Financing

BRevenue Bonds

CGeneral obligation Bonds

DNone of these

Answer : C

Question 3

All of the following are core banking services EXCEPT:

AInvestment management

BSecurity services

CReconciliation Services

DConcentration and Zero balance

Answer : A

Question 4

Governments and non-profits obtain services from Three Types of banks. Which one of the following id not out those banks?

ANational Tier

BRegional Tier

CFederal Tier

DLocal Tier

Answer : C

Question 5

The noteworthy and most important thing in active investment by governments is:

ASector Allocation

BPortfolio management

CCash forecast

DNone of these

Answer : C

Question 6

The best time to purchase the securities is:

AHigh end of their yield curve

BMid of the yield curve

CBetter market condition

DNone of these

Answer : A

Question 7

Which of the following is not included in principal investment strategies?

AInterest Rate anticipation

BSector Allocation

CYield curve anticipation

DNone of these

Answer : D

GFOA CPFO Certified Public Finance Officer Exam Practice Test