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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
3 months 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
3 months 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
2 months 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
2 months ago
I think GO Bonds are also a common choice for local governments to refinance debt.
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Camellia
3 months 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
4 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
3 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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Joseph
3 months ago
D) State Bonds
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Sherell
3 months ago
C) SO Bonds
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Jacquline
3 months ago
B) GO Bonds
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Jose
3 months ago
A) (LOCs) Letters of credit
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Gail
4 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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Rhea
2 months ago
Letters of credit are typically used in international trade to ensure payment between parties.
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Rory
2 months ago
What are LOCs used for then?
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Huey
2 months ago
Yes, you are correct. Municipal governments issue general obligation bonds for various purposes.
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Markus
2 months ago
I think the answer is B) GO Bonds.
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Leah
2 months ago
Letters of credit are typically used in international trade to ensure payment between parties.
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Floyd
3 months ago
What are LOCs used for then?
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Dorcas
4 months ago
Yes, you are correct. Municipal governments issue general obligation bonds for various purposes.
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Lili
4 months ago
I think the answer is B) GO Bonds.
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Roxane
4 months ago
I agree, GO Bonds are a good option for local governments to manage their debt more effectively.
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Albert
4 months ago
I think GO Bonds help local governments save money by refinancing debt at lower interest rates.
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Galen
4 months ago
Commercial banks issue GO Bonds.
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