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GFOA Exam CPFO Topic 4 Question 85 Discussion

Actual exam question for GFOA's CPFO exam
Question #: 85
Topic #: 4
[All CPFO Questions]

Governments borrow from the either banks or tax-exempt money market funds in anticipation of taxes, revenues, bonds, or improved market conditions. Some of such conditions are as follows EXCEPT:

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Suggested Answer: B

by Emeline at Apr 21, 2024, 01:04 PM

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Justine
5 days ago
I'm pretty sure the answer is C) Tax-exempt commercial paper. That's the only one that doesn't fit the description of the conditions mentioned in the question.
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William
13 days ago
I'm not sure, but I think C) Tax-exempt commercial paper is the exception here.
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Charlesetta
14 days ago
I agree with Alex, because TANs, RANs, and BANs are all examples of conditions governments borrow for.
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Alex
15 days ago
I think the answer is D) None of these.
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