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GFOA Exam CPFO Topic 6 Question 89 Discussion

Actual exam question for GFOA's CPFO exam

Question #: 89
Topic #: 6

[All CPFO Questions]

As electronic commerce is the ripe of FRAUD, governments should secure bank security services that reduce the possibility of fraud, including all of these EXCEPT:

APositive pay

BACH block

CReverse Positive pay

DNone of these

Show Suggested Answer

Suggested Answer: C

by Reita at May 31, 2024, 02:28 PM

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Eveline

3 months ago

I don't know, this question is making my head spin. Maybe the answer is a magic trick that makes all the fraud disappear? Abracadabra, no more fraud!

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Bonita

2 months ago

C) Reverse Positive pay

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Josefa

2 months ago

B) ACH block

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Celeste

2 months ago

A) Positive pay

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Eun

3 months ago

This is a tough one. A and B both sound like they could help reduce fraud, but I'm not familiar with the term 'None of these'. Hmm, maybe I should have paid more attention in my e-commerce class.

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Rhea

3 months ago

I'm pretty sure the answer is C. Reverse positive pay seems like it would actually increase the possibility of fraud, not reduce it.

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An

1 months ago

Definitely, Positive pay seems like the most secure option out of the choices.

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Stephania

2 months ago

I would go with A) Positive pay as the best choice for reducing fraud.

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Yuette

2 months ago

Yeah, I agree. It doesn't seem like a good option for reducing fraud.

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Samira

3 months ago

I think you're right. Reverse positive pay does sound like it could make things worse.

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Ena

3 months ago

This question is definitely trying to trick us. Fraud is a serious issue, and the governments should be doing everything they can to reduce the risk.

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Stephaine

3 months ago

B) ACH block

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Bettina

3 months ago

A) Positive pay

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Val

3 months ago

I believe they should not include option D, None of these, because that doesn't actually help prevent fraud.

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Miriam

3 months ago

I agree, but which option do you think they should NOT include?

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Val

3 months ago

I think governments should definitely secure bank security services to reduce fraud.

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