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GFOA CPFO Exam - Topic 7 Question 69 Discussion

Commercial banks issue ______________ which give local governments the money to refinance or refund debt at a lower interest rate.
A) (LOCs) Letters of credit
B) GO Bonds
C) SO Bonds
D) State Bonds

GFOA CPFO Exam - Topic 7 Question 69 Discussion

Actual exam question for GFOA's CPFO exam
Question #: 69
Topic #: 7
[All CPFO Questions]

Commercial banks issue ______________ which give local governments the money to refinance or refund debt at a lower interest rate.

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Suggested Answer: A

by Xuan at Apr 21, 2023, 05:08 PM

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Tammara
11 months ago
Sounds right, but I have my doubts about the details.
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Bettina
11 months ago
Totally agree, GO Bonds are the way to go!
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Josphine
11 months ago
Wait, are you sure it's not SO Bonds?
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Daniela
11 months ago
I thought it was State Bonds, but I guess not.
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Cristy
12 months ago
It's definitely GO Bonds!
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Dong
12 months ago
I'm leaning towards SO Bonds, but I can't remember the specifics. I wish I had reviewed that section more thoroughly!
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Dominga
12 months ago
I feel like LOCs were mentioned in a different context, maybe for securing loans, but I don't think they fit this question.
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Tasia
12 months ago
I remember practicing a question about bonds, but I can't recall if it was specifically about GO Bonds or State Bonds. They both seem relevant.
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Lyda
12 months ago
I think the answer might be GO Bonds, but I'm not entirely sure. We covered something similar in class about how they help local governments.
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Elfrieda
12 months ago
Okay, let me think this through. The SIPOC is all about mapping the Supplier, Inputs, Process, Outputs, and Customer, so the key is to focus on the Outputs and Customer parts. I'm pretty confident the answer is D. Customer's.
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Luisa
1 year ago
I'm a little confused by the wording of these answer choices. Let me re-read the question and think through each option carefully.
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Elin
1 year ago
Hmm, I'm not sure about that. Encrypting and emailing the file (option A) seems like the safest bet to me, even if it's a bit more work.
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Kattie
1 year ago
I remember practicing a question like this before and I think B is correct, because that's where backups are usually managed.
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Timothy
1 year ago
A) Letters of credit? Really? That doesn't seem right for this question. I'm leaning towards B) GO Bonds as the best answer.
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Oliva
1 year ago
D) State Bonds seems like a good option, but I'm not entirely sure. I'll have to double-check the details on municipal bond types.
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Katy
1 year ago
Yes, GO Bonds are a popular option because they are backed by the government's full faith and credit.
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Gary
1 year ago
I think GO Bonds are also a common choice for local governments to refinance debt.
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Camellia
1 year ago
State Bonds seems like a good option, but I'm not entirely sure. I'll have to double-check the details on municipal bond types.
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Janna
1 year ago
Haha, I bet the correct answer is not 'SO Bonds' - that sounds like a bond for superhero obligations or something!
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Brittani
1 year ago
Haha, I bet the correct answer is not 'SO Bonds' - that sounds like a bond for superhero obligations or something!
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Joseph
1 year ago
D) State Bonds
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Sherell
1 year ago
C) SO Bonds
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Jacquline
1 year ago
B) GO Bonds
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Jose
1 year ago
A) (LOCs) Letters of credit
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Gail
1 year ago
I think the answer is B) GO Bonds. Municipal governments issue general obligation bonds to raise funds for infrastructure projects and to refinance existing debt.
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Rhea
1 year ago
Letters of credit are typically used in international trade to ensure payment between parties.
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Rory
1 year ago
What are LOCs used for then?
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Huey
1 year ago
Yes, you are correct. Municipal governments issue general obligation bonds for various purposes.
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Markus
1 year ago
I think the answer is B) GO Bonds.
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Leah
1 year ago
Letters of credit are typically used in international trade to ensure payment between parties.
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Floyd
1 year ago
What are LOCs used for then?
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Dorcas
1 year ago
Yes, you are correct. Municipal governments issue general obligation bonds for various purposes.
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Lili
1 year ago
I think the answer is B) GO Bonds.
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Roxane
1 year ago
I agree, GO Bonds are a good option for local governments to manage their debt more effectively.
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Albert
1 year ago
I think GO Bonds help local governments save money by refinancing debt at lower interest rates.
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Galen
1 year ago
Commercial banks issue GO Bonds.
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