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GFOA CPFO Exam - Topic 9 Question 90 Discussion

Four types of credit enhancements are offered by state bond banks. Which of the following is NOT out of those enhancements?
D) None of these
A) A moral obligation reserve that will fund one year of debt service
B) A state intercept fund that diverts state aid to a defaulting local unit from the state bond bank
C) Additional collateral pledge

GFOA CPFO Exam - 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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Cassie
10 months ago
None of these sounds right to me, they all seem legit!
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Katie
10 months ago
Additional collateral pledge is common, so it could be one of them.
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Helga
10 months ago
Wait, are all these actually offered? Sounds too good to be true.
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France
11 months ago
I think the state intercept fund is a real game changer!
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Chan
11 months ago
A moral obligation reserve is definitely a thing.
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Cathrine
11 months ago
I feel like "None of these" could be the answer, but I need to double-check what each option really entails.
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Shawana
11 months ago
I practiced a similar question about state intercept funds, and I believe that one is definitely a credit enhancement.
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Louisa
11 months ago
I think the moral obligation reserve sounds familiar, but I can't recall if it's actually a type of enhancement or not.
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Chaya
12 months ago
I remember studying about credit enhancements, but I'm not completely sure which one doesn't belong here.
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Lelia
12 months ago
This is a tricky one, but I think I've got it. The question is asking which enhancement is not offered by state bond banks, so the correct answer must be the one that doesn't match the others. I'm going to go with D, "None of these," as that seems to be the only option that doesn't fit the context.
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Sabine
12 months ago
I'm a bit unsure about this one. The options seem to cover the common credit enhancements, so I'm not sure which one would be considered "not out of those enhancements." I'll have to think this through carefully.
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Tiera
12 months ago
Okay, let's see. The options are a moral obligation reserve, a state intercept fund, additional collateral pledge, and none of these. I think I'll go with D, "None of these," since that seems to be the only one that doesn't match the types of credit enhancements mentioned.
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Adria
12 months ago
Hmm, this question is asking about credit enhancements offered by state bond banks. I'll need to carefully review the options to determine which one is not out of those enhancements.
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Dalene
12 months ago
Wait, I'm not sure about that. Isn't it during Evolutionary Development when you actually plan the quality assurance for each timebox?
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Jennifer
1 year ago
Hmm, I'm not sure about this one. I'll have to think it through carefully. Maybe the process executes the End Process state, or maybe all the applications are closed and re-initialized. I'll need to review the framework documentation to be sure.
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Louisa
1 year 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
1 year 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
1 year 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
1 year ago
Justa: Well, let's see what the correct answer is. It could be any of these options.
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Merilyn
1 year 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
1 year ago
User 2: I disagree, I think the answer is C. Additional collateral pledge.
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Blair
1 year 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
1 year 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 year ago
User 3: I agree with Laura. A is the correct answer.
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Johnetta
1 year ago
User 2: I disagree. I believe it's A. Moral obligation reserve is not one of the enhancements.
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Terrilyn
1 year ago
User 1: I think it's B too. State intercept fund is a common credit enhancement.
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Valda
1 year 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
1 year 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
1 year ago
I agree, the answer is D. None of these.
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Tasia
1 year ago
D) None of these
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Julio
1 year ago
C) Additional collateral pledge
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Fernanda
1 year 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
1 year ago
A) A moral obligation reserve that will fund one year of debt service
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Shawn
1 year 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
1 year 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
1 year ago
I think the answer is D) None of these.
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