GFOA Exam CPFO Topic 4 Question 85 Discussion

Actual exam question for GFOA's CPFO exam

Question #: 85
Topic #: 4

[All CPFO Questions]

Governments borrow from the either banks or tax-exempt money market funds in anticipation of taxes, revenues, bonds, or improved market conditions. Some of such conditions are as follows EXCEPT:

ATax anticipation notes (TANs)

BRevenue and Bond anticipation notes (RAN and BANs)

CTax-exempt commercial paper

DNone of these

Show Suggested Answer

Suggested Answer: B

by Emeline at Apr 21, 2024, 01:04 PM

Limited Time Offer

25%

Off

Get Premium CPFO Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

Submit Cancel

William

1 days ago

I'm not sure, but I think C) Tax-exempt commercial paper is the exception here.

upvoted 0 times

...

Charlesetta

2 days ago

I agree with Alex, because TANs, RANs, and BANs are all examples of conditions governments borrow for.

upvoted 0 times

...

Alex

3 days ago

I think the answer is D) None of these.

upvoted 0 times

...