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GFOA Exam CPFO Topic 6 Question 89 Discussion

Actual exam question for GFOA's Certified Public Finance Officer exam
Question #: 89
Topic #: 6
[All Certified Public Finance Officer Questions]

Which of the following is not included in long-term credit products offered by banks?

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Suggested Answer: C

by Reita at May 31, 2024, 02:28 PM

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Orville
2 months ago
A line of credit? Really? Next they'll be asking if a piggy bank counts as a long-term credit product.
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Lasandra
2 months ago
None of these? That's just lazy. They couldn't come up with a better wrong answer option?
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Glen
1 months ago
Yeah, they could have at least come up with a more creative wrong answer.
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Tamra
1 months ago
I agree, it does seem lazy to have 'None of these' as an option.
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Tawna
1 months ago
D) None of these
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Ardella
1 months ago
C) A line of credit
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Andra
1 months ago
B) Bonds agreements
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Delisa
2 months ago
A) Long-term capital lease agreements
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Iluminada
2 months ago
Hmm, I'm not so sure about the capital lease agreements. Aren't those considered off-balance sheet financing? This question is tricky.
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Viki
1 months ago
I agree, a line of credit is typically considered a short-term credit product.
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Son
1 months ago
I think the answer might be C) A line of credit.
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Henriette
1 months ago
Capital lease agreements are indeed considered off-balance sheet financing.
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Edna
1 months ago
D) None of these
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Joni
1 months ago
C) A line of credit
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Charlene
1 months ago
B) Bonds agreements
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Virgie
2 months ago
User 3: Bonds agreements are not included in long-term credit products offered by banks.
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Major
2 months ago
A) Long-term capital lease agreements
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Sheridan
2 months ago
User 2: Really? I thought they were off-balance sheet financing.
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Delsie
2 months ago
User 1: Capital lease agreements are actually included in long-term credit products.
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Millie
3 months ago
Bonds agreements definitely sound like a long-term credit product to me. This is an easy one!
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Tandra
2 months ago
C) A line of credit is not included in long-term credit products offered by banks.
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Ciara
2 months ago
Bonds agreements are indeed a long-term credit product.
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Celestine
2 months ago
D) None of these
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Louisa
2 months ago
C) A line of credit
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Talia
2 months ago
B) Bonds agreements
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Leota
3 months ago
A) Long-term capital lease agreements
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Susana
3 months ago
I disagree, I believe the answer is D) None of these because all options seem to be related to long-term credit products.
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Elbert
3 months ago
A line of credit? That's a short-term financing option, not long-term. The bank must be trying to trick us with that one.
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Staci
2 months ago
Yeah, it seems like the bank is trying to confuse us with that choice.
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Martin
2 months ago
I agree, a line of credit is definitely a short-term option.
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Polly
2 months ago
Yeah, it seems like the bank is trying to confuse us with that choice.
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Giuseppe
2 months ago
I agree, a line of credit is definitely a short-term option.
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Shenika
3 months ago
Yeah, they must be trying to confuse us with that choice.
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Jamika
3 months ago
I agree, a line of credit is definitely a short-term option.
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Isaiah
3 months ago
I think the answer is C) A line of credit.
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