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GFOA CPFO Exam - Topic 12 Question 22 Discussion

All of the following are core banking services EXCEPT:
A) Investment management
B) Security services
C) Reconciliation Services
D) Concentration and Zero balance

GFOA CPFO Exam - Topic 12 Question 22 Discussion

Actual exam question for GFOA's CPFO exam
Question #: 22
Topic #: 12
[All CPFO Questions]

All of the following are core banking services EXCEPT:

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Suggested Answer: A

by Blondell at May 05, 2022, 12:22 AM

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Niesha
11 months ago
Concentration and zero balance? Sounds fancy but is it really core?
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Michael
11 months ago
I thought reconciliation services were essential.
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Gail
11 months ago
Wait, are security services really not core?
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Freida
12 months ago
Totally agree, that's not a core service!
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Iesha
12 months ago
Core banking services don't include investment management.
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Tyisha
12 months ago
I’m confused about the concentration and zero balance options. I think they might be related to cash management, but I’m not entirely sure if they count as core services.
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Cheryll
12 months ago
Reconciliation services seem a bit off to me; I feel like they’re more about internal processes rather than core services offered to customers.
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Laurena
12 months ago
I remember a practice question that mentioned security services as part of core banking, so I’m leaning towards that being a correct option here.
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Broderick
12 months ago
I think core banking services usually include things like deposits and withdrawals, but I'm not sure if investment management fits that category.
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Frankie
12 months ago
Okay, let's see. I know the IP address and interface level are important for establishing the neighbor relationship, so those are likely the answers. I'll have to double-check the details on that.
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Twana
1 year ago
I'm a bit confused by the different column references in the answer choices. I'll need to carefully review the data and make sure I'm using the correct range for the "CurrentAge" column.
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Cordelia
1 year ago
Okay, I think I've got it now. The key is that the traffic needs to be able to originate independently from the network interface IP address, so the utility address and gateway need to be on the same subnet as the media interfaces. Option B looks like the right answer.
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Lorrie
1 year ago
I'm leaning towards adding more drives to Tier 1 and Tier 2. That seems like the most straightforward way to address the capacity issue while maintaining the performance benefits of the SSD and SAS tiers.
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Charisse
1 year ago
I practiced a similar question about data center design, and I believe vPC could also provide redundancy, though I really thought FHRP was the main one for gateway issues.
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Jame
1 year ago
Customer complaints about nonpayment notices? That's definitely a red flag. Let me think about the other options.
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