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AGA Exam CGFM Topic 3 Question 59 Discussion

Actual exam question for AGA's CGFM exam
Question #: 59
Topic #: 3
[All CGFM Questions]

Banks offer following short-term, loans, EXCEPT:

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Suggested Answer: D

by Alpha at Sep 18, 2024, 09:13 PM

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Xochitl
10 months ago
I'm not sure, but I think B) Bond anticipation notes may not be offered as short-term loans by banks.
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Eve
10 months ago
I agree with Julio, because all the other options are types of short-term loans offered by banks.
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Na
10 months ago
C) Tax anticipation notes. Because who doesn't love paying taxes early? Yay, bureaucracy!
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Kimbery
8 months ago
D) None of these
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Kassandra
8 months ago
C) Tax anticipation notes (TANs) or revenue anticipation of taxes or other revenue that will be received
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Dyan
9 months ago
B) Bond anticipation notes (BANs) in anticipation of future long-term financing
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Edna
9 months ago
A) A line of credit against which a specified dollar amount may be drawn with interest paid, usually monthly
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Julio
10 months ago
I think the answer is D) None of these.
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Slyvia
10 months ago
Ooh, this one's tricky. I'm going to have to go with my gut and say D) None of these. Banks love to throw curveballs like that!
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Marjory
10 months ago
A) A line of credit. That's the classic short-term bank loan, easy peasy.
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Francis
10 months ago
I'm going with B) Bond anticipation notes. Who doesn't love a good BAN, am I right?
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Huey
9 months ago
Mollie: Yeah, B) Bond anticipation notes might not be as reliable.
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Mollie
9 months ago
I agree, A) seems more practical.
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Nilsa
10 months ago
I think A) A line of credit is a better option.
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France
10 months ago
D) None of these. Banks definitely offer all of those short-term loan options. This one's a trick question!
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Ira
10 months ago
User 2
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Mila
10 months ago
User 1
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