GFOA Exam CPFO Topic 2 Question 103 Discussion

Actual exam question for GFOA's CPFO exam

Question #: 103
Topic #: 2

All of the following are core banking services EXCEPT:

AInvestment management

BSecurity services

CReconciliation Services

DConcentration and Zero balance

Show Suggested Answer

Suggested Answer: A

by Virgilio at Nov 15, 2024, 09:57 AM

Limited Time Offer

25%

Off

Contribute your Thoughts:

Submit Cancel

13 days ago

Concentration and zero balance? What is this, a bank for magicians?

upvoted 0 times

...

17 days ago

B) Security services - that's a good one. Banks need to keep your money safe, but it's not their primary purpose.

upvoted 0 times

...

19 days ago

A) Investment management - nah, that's not a core service. Banks are there to hold your money, not manage your investments.

upvoted 0 times

7 days ago

B) Security services - that's definitely a core banking service. Banks need to keep our money safe.

upvoted 0 times

...

22 days ago

C) Reconciliation Services - that's definitely a core banking function. The other options seem more like value-added services.

upvoted 0 times

...

2 months ago

I think the answer is A) Investment management.

upvoted 0 times

...