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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
2 months 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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Lonna
22 days ago
C) It depends
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Lorrine
25 days ago
No, the correct answer is B) False
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Cathrine
28 days ago
A) True
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Nida
2 months 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
2 months 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
2 months 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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Lashandra
1 months ago
I agree, it could be both true and depend on the bank.
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Mollie
1 months ago
I'm not sure, maybe it depends on the bank and their specific services.
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Lennie
2 months ago
I think it's true, banks do offer those services as well.
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Gracia
3 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
3 months ago
I agree with Nan, banks do provide those services.
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Nan
3 months ago
I think the answer is A) True.
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Timmy
3 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 months ago
True, it really depends on the specific bank and their range of services.
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Jonelle
2 months ago
So the answer could be both A and C, depending on the bank.
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Willow
2 months ago
But some banks do offer secondary services like investment management and trustee services.
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Adell
2 months ago
I think you're right, banks mainly focus on primary services like deposits and loans.
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