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?

AA moral obligation reserve that will fund one year of debt service

BA state intercept fund that diverts state aid to a defaulting local unit from the state bond bank

CAdditional collateral pledge

DNone of these

Show Suggested Answer

Suggested Answer: D

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

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8 days 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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13 days 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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16 days ago

I think the answer is D) None of these.

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