GFOA Certified Public Finance Officer CPFO Exam Questions

There are five types of repos. ___________ Repo is of one-day maturity Interest is based on the federal rate.

Lenders charge four types of interest depending on the nature of the loan. Which one of the following is NOT out of those interests?

A275-day T-bill was purchased at a 0.6% discount and was sold at an 8.50% discount after a 30-day holding period. What is the yield?

Issuance of practice and consensus bulletins prepared by the AICPA's Accounting and Standard Executive Committee is done at _________ level of GAAP.

Initially Line item budgets were used by the local governments but afterwards more reformed practices has taken its place and grouped its purpose. Those refined and more manageable categories are all EXCEPT:

_______________have no donor-imposed restrictions as compared to permanently restricted assets (include endowments and assets such as land and artwork) that are restricted as long as the organization as the organization has custody of them.

A local government can either purchase a computer for $61,000 or lease it for five years at $15000, after which the local government would own it. The anticipated discount rate will be 8%. Is it more economical to lease or purchase?