GFOA Exam CPFO Topic 10 Question 58 Discussion

Actual exam question for GFOA's CPFO exam

Question #: 58
Topic #: 10

[All CPFO Questions]

The indenture includes all these covenants that protect the beholder EXCEPT:

ARate covenant

BDebt service reserve covenant

CFlow of funds covenant

Dnone of these

Show Suggested Answer

Suggested Answer: D

by Kiley at Sep 18, 2022, 05:41 AM

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1 days ago

I'm not sure, but I think the answer might be C) Flow of funds covenant, as it is not a common covenant found in indentures.

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2 days ago

I agree with Ryan, because all the covenants listed are typically included in an indenture.

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4 days ago

I think the answer is D) none of these.

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