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GFOA Exam CPFO Topic 7 Question 99 Discussion

Actual exam question for GFOA's CPFO exam
Question #: 99
Topic #: 7
[All CPFO Questions]

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

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Suggested Answer: C

by Dierdre at Sep 18, 2024, 11:55 AM

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Elfriede
2 months ago
This question is about as clear as mud. I feel like the bank is trying to trick us with these options. Where's the 'All of the above' choice when you need it?
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Ettie
2 months ago
I mean, a long-term capital lease agreement is basically the bank saying, 'Hey, we'll let you use our stuff for a really long time.' Seems pretty long-term to me.
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Rossana
1 months ago
D) None of these
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Merlyn
2 months ago
C) A line of credit
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Lenny
2 months ago
B) Bonds agreements
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Azzie
2 months ago
A) Long-term capital lease agreements
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Wynell
3 months ago
None of these? Really? That's like the teacher saying, 'None of the above are correct.' What kind of a cop-out is that?
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Camellia
2 months ago
C) A line of credit
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Brice
2 months ago
A) Long-term capital lease agreements
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Jody
2 months ago
B) Bonds agreements
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Nu
3 months ago
But a line of credit is a short-term credit product, not long-term. So, I still think it's C).
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Phuong
3 months ago
I disagree, I believe it's A) Long-term capital lease agreements.
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Nu
3 months ago
I think the answer is C) A line of credit.
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Fletcher
3 months ago
Bonds agreements? Sounds like the bank is trying to get us to spy on 007 or something. I'm pretty sure that's not a standard banking service.
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Shonda
2 months ago
Exactly! It's all about raising capital for the bank's operations.
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Daniel
2 months ago
Oh, that makes sense. So, it's actually a legitimate financial product then?
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Jerry
2 months ago
Yeah, it does sound mysterious. But I think it's just a way for banks to raise funds from investors.
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Wilda
2 months ago
Haha, I agree! Bonds agreements sound so secretive, like we're in a spy movie or something.
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Rosio
2 months ago
D) None of these
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Dwight
2 months ago
C) A line of credit
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Helene
2 months ago
B) Bonds agreements
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Gianna
3 months ago
A) Long-term capital lease agreements
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Melvin
3 months ago
A line of credit? Isn't that like a bank's way of saying 'We trust you enough to let you borrow money whenever you need it?' Clearly not a long-term credit product.
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Alica
2 months ago
So the correct answer is C) A line of credit.
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Louvenia
3 months ago
Long-term capital lease agreements and bonds agreements are examples of long-term credit products.
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Josefa
3 months ago
A line of credit is actually considered a short-term credit product.
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