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GFOA CPFO Exam - Topic 5 Question 31 Discussion

There are five types of repos. ___________ Repo is of one-day maturity Interest is based on the federal rate.
C) Overnight
A) Tri-party
B) Open
D) Term

GFOA CPFO Exam - Topic 5 Question 31 Discussion

Actual exam question for GFOA's CPFO exam
Question #: 31
Topic #: 5
[All CPFO Questions]

There are five types of repos. ___________ Repo is of one-day maturity Interest is based on the federal rate.

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Suggested Answer: C

by Vilma at May 08, 2022, 08:45 AM

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Merlyn
11 months ago
Interest is tied to the federal rate, right?
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Breana
11 months ago
Really? I always thought there were more options for that.
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Princess
11 months ago
Yeah, Overnight makes sense for one-day maturity.
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Tyra
12 months ago
I thought it was Tri-party, but I guess not.
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Alesia
12 months ago
It's definitely Overnight Repo!
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Emerson
12 months ago
I thought Open Repo could also be a contender, but it usually doesn't have a fixed maturity like one day.
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Aja
12 months ago
I'm not entirely sure, but I remember something about Tri-party repos being more complex.
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Stefan
12 months ago
I think the answer might be Overnight Repo since it specifically mentions one-day maturity.
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Nichelle
12 months ago
I feel like this is similar to a practice question we did on repo types, and Overnight seems to fit best.
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Ardella
12 months ago
Ugh, tax questions are not my strong suit. Let me re-read the options and see if I can eliminate a few choices to narrow it down.
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Roselle
1 year ago
I think we discussed this in class, and it might be option A? I just can't quite recall if it involves assigning to agents or the skillset itself.
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Bobbye
1 year ago
Hmm, I'm not sure about this. What exactly is a "stale channel"? I'll have to think this through carefully.
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Rosalind
1 year ago
Hmm, I'm a bit confused by the wording of some of these options. I'll need to make sure I understand the differences between the various settings and modes.
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