GFOA CPFO Certified Public Finance Officer Exam Practice Test

Governments are increasingly using capital lease financing because it:

Revenue bonds are a liability limited to the pledged revenue. The issuer is thus not obligated _________ to repay the debt.

General obligation (Go) bonds are typically repaid over 20 years and are usually sold:

Which one of the following is not the type of debt financing?

As the security of Go debt issue, state and local governments pledge their Faith and credit (their general taxing power); however revenue bonds are not backed by full faith or credit. Instead, the bond security agreement pledges a _________, known as the debt cover.

In contrast to ______________, _____________ aims to beat the average market rate of return.

Commercial papers are sold through: