AGA Exam CGFM Topic 4 Question 65 Discussion

Actual exam question for AGA's CGFM exam

Question #: 65
Topic #: 4

[All CGFM Questions]

A state transfers cagh to a broker and the broker transfers securities to the state, promising to repay the cash plus

interest in exchange for the return of the same securities. This transaction is an example of

Aan arbitrage agreement.

Ba repurchase agreement.

Ca mutual buy-sell agreement.

Da reverse repurchase agreement.

US. Department of the Treasury, Guide to Federal Investments.
Financial Accounting Standards Board (FASB), Accounting for Repurchase Agreements.

Show Suggested Answer

Suggested Answer: A

by Felix at Jan 23, 2025, 02:50 AM

Limited Time Offer

25%

Off

Contribute your Thoughts:

Submit Cancel

4 days ago

I think the answer is B) a repurchase agreement.

upvoted 0 times

...