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GFOA Exam CPFO Topic 9 Question 90 Discussion

Actual exam question for GFOA's CPFO exam
Question #: 90
Topic #: 9
[All CPFO Questions]

Four types of credit enhancements are offered by state bond banks. Which of the following is NOT out of those enhancements?

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Suggested Answer: D

by Viola at Jun 22, 2024, 10:40 PM

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Louisa
2 months ago
Wait, is the answer C? Additional collateral pledge? That just seems too obvious, but maybe that's the trick...
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Benedict
2 months ago
D has to be the correct answer. The question is asking for the one option that is NOT a credit enhancement, and the other three options all sound like valid enhancements.
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Iesha
2 months ago
Haha, I bet the answer is A. A moral obligation reserve that will fund one year of debt service. That sounds like something a state bond bank would do, but it's not a credit enhancement!
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Zoila
10 days ago
Justa: Well, let's see what the correct answer is. It could be any of these options.
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Merilyn
11 days ago
User 3: I'm going with B. A state intercept fund that diverts state aid to a defaulting local unit from the state bond bank.
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Justa
24 days ago
User 2: I disagree, I think the answer is C. Additional collateral pledge.
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Blair
26 days ago
User 1: I think the answer is A too. It does sound like something a state bond bank would do.
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Zachary
2 months ago
Hmm, I think it's B. A state intercept fund that diverts state aid to a defaulting local unit from the state bond bank. That's a common credit enhancement, right?
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Laura
1 months ago
User 3: I agree with Laura. A is the correct answer.
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Johnetta
2 months ago
User 2: I disagree. I believe it's A. Moral obligation reserve is not one of the enhancements.
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Terrilyn
2 months ago
User 1: I think it's B too. State intercept fund is a common credit enhancement.
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Valda
2 months ago
I'm pretty sure the answer is D. None of these. The question is asking for the one option that is NOT a type of credit enhancement offered by state bond banks.
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Mona
27 days ago
Yes, D is the correct answer. It is not a type of credit enhancement offered by state bond banks.
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Miriam
28 days ago
I agree, the answer is D. None of these.
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Tasia
29 days ago
D) None of these
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Julio
30 days ago
C) Additional collateral pledge
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Fernanda
1 months ago
B) A state intercept fund that diverts state aid to a defaulting local unit from the state bond bank
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Victor
2 months ago
A) A moral obligation reserve that will fund one year of debt service
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Shawn
3 months ago
I'm not sure about this. I think it might be C) Additional collateral pledge because it seems like a common credit enhancement.
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Royal
3 months ago
I agree with Thurman. None of these options seem to be excluded from the types of credit enhancements offered by state bond banks.
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Thurman
4 months ago
I think the answer is D) None of these.
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