GFOA Certified Public Finance Officer Exam Practice Test

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Total 203 questions

Question 1

The feasibility study assures investors and rating agencies necessary and fiscally sound. Consulting engineers are compensated in following ways:

Answer : D

Question 2

To issue bonds, a government depends on many specialists including:

Answer : D

Question 3

Non-property tax and non-local tax, moral obligation, special assessment and special or limited tax are the types of:

Answer : B

Question 4

There are _________ types of social obligation bonds.

Answer : D

Question 5

Bond proceeds funds capital assets (Known as fixed assets) that typically have useful lives of at least five or six years. These assets include:

Answer : D

Question 6

''Don't risk a lot for a little.'' This principle should be followed during:

Answer : D

Question 7

If a building originally valued at $160,000 appreciates to $300,000 and is insured by an 80% coinsurance clause, then 80% of the value ($320,000) must be insured. If the building is still insured at only $160,000 and a $100,000 loss occurs, the loss would be:

Answer : A

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Total 203 questions