GFOA CPFO Exam - Topic 12 Question 127 Discussion

Actual exam question for GFOA's CPFO exam

Question #: 127
Topic #: 12

Eleven different types of funds, issued by Government Authorities, are classified into three major groups. Which one of the following statements represents those three groups?

AGovernmental, Proprietary and Fiduciary

BGovernmental, State/Provincial, Local

CGovernmental, Fixed, Temporary

DYearly, Semi annually and Quarterly

Show Suggested Answer

Suggested Answer: A

by Carla at May 30, 2026, 06:04 AM

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