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GFOA Exam CPFO 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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Timothy
21 days 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
23 days 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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Camellia
1 days 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 months 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 days 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
2 days ago
D) State Bonds
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Sherell
8 days ago
C) SO Bonds
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Jacquline
16 days ago
B) GO Bonds
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Jose
19 days ago
A) (LOCs) Letters of credit
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Gail
1 months 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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Floyd
28 days ago
What are LOCs used for then?
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Dorcas
29 days ago
Yes, you are correct. Municipal governments issue general obligation bonds for various purposes.
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Lili
1 months ago
I think the answer is B) GO Bonds.
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Roxane
2 months ago
I agree, GO Bonds are a good option for local governments to manage their debt more effectively.
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Albert
2 months ago
I think GO Bonds help local governments save money by refinancing debt at lower interest rates.
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Galen
2 months ago
Commercial banks issue GO Bonds.
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