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GFOA CPFO Exam - Topic 5 Question 117 Discussion

Actual exam question for GFOA's CPFO exam
Question #: 117
Topic #: 5
[All CPFO Questions]

Governments and non-profits obtain services from Three Types of banks. Which one of the following id not out those banks?

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Suggested Answer: C

by Tamie at Nov 20, 2025, 01:40 AM

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Meghan
16 hours ago
I think Federal Tier is the odd one out.
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Nadine
6 days ago
National Tier is a real thing.
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Deja
11 days ago
C) Federal Tier, no doubt. That's the one that's not part of the Three Types of banks mentioned in the question.
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Paris
16 days ago
Haha, I bet the person who wrote this question was just trying to trip us up with that "Federal Tier" option. Nice try, but I'm going with C!
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Jerry
21 days ago
C) Federal Tier, definitely. That's the only one that doesn't seem to match the other bank types listed.
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Brittney
27 days ago
Hmm, I'm not sure about this one. I'll have to think it through a bit more. Maybe C) Federal Tier is the odd one out?
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Thad
1 month ago
I think the answer is C) Federal Tier. That's the one that doesn't fit with the other types of banks mentioned.
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Rodrigo
1 month ago
I’m a bit confused; I thought all these tiers were valid, but now I’m second-guessing myself on "Local Tier."
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Tanja
1 month ago
I practiced a question similar to this, and I think "National Tier" might not fit with the others.
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Kirk
2 months ago
I feel like "Federal Tier" sounds familiar, but I can't recall if it's actually a type of bank.
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Jettie
2 months ago
I've got a good feeling about this one. The national, regional, and federal tiers are the standard types of banks, so the local tier must be the odd one out. Time to mark that down and move on.
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Noel
2 months ago
I'm a bit confused by this question. The options seem a bit ambiguous. I'll need to review my notes on the different banking tiers to make sure I understand which one doesn't fit.
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Youlanda
2 months ago
I think I remember something about different tiers of banks, but I'm not sure which one is the odd one out.
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Salome
2 months ago
I think it's C) Federal Tier. Doesn't sound right.
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Aja
2 months ago
Alright, time to put on my thinking cap. I'm pretty sure the national, regional, and federal tiers are the main types of banks governments and non-profits use. The local tier doesn't sound right to me.
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Alecia
3 months ago
I feel like C) Federal Tier is the best choice.
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Ines
3 months ago
Okay, let's see. National, regional, and federal banks - those all make sense. But what's this "local tier" one? I'm not sure I've heard of that before.
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Tony
3 months ago
Hmm, this one's tricky. I'll need to think through the different types of banks carefully to figure out which one doesn't fit.
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Major
3 months ago
I think it's C) Federal Tier.
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