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GFOA Exam CPFO Topic 1 Question 110 Discussion

Actual exam question for GFOA's CPFO exam
Question #: 110
Topic #: 1
[All CPFO Questions]

Credit services, Trustee and related services and investment management services are the Secondary services provided by banks.

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Suggested Answer: A

by Benton at Apr 08, 2025, 10:27 AM

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Candra
9 days ago
If only the bank's ATM could provide investment management services, that would be the true definition of banking convenience. But alas, B is the correct answer here.
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Nida
20 days ago
D is the way to go. Banks definitely offer both primary and secondary services these days. Gotta keep up with the competition, you know?
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Lyla
22 days ago
Haha, this question is tricky. The bank I work at definitely provides those secondary services. I think A is the correct answer, but I wouldn't be surprised if it's a trick question!
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Charlene
23 days ago
Wait, what? I thought banks did offer those secondary services. Hmm, let me think this through again. C might be the right answer here.
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Gracia
1 months ago
I'm not sure, but I think it could also be D) Both A and C because it might depend on the specific bank.
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Julio
1 months ago
I agree with Nan, banks do provide those services.
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Nan
1 months ago
I think the answer is A) True.
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Timmy
1 months ago
I'm pretty sure the answer is B. Banks only provide primary services like deposits and loans, not secondary services like investment management or trustee services. That's the domain of other financial institutions.
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Tina
2 days ago
True, it really depends on the specific bank and their range of services.
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Jonelle
8 days ago
So the answer could be both A and C, depending on the bank.
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Willow
21 days ago
But some banks do offer secondary services like investment management and trustee services.
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Adell
23 days ago
I think you're right, banks mainly focus on primary services like deposits and loans.
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