GFOA Certified Public Finance Officer CPFO Exam Questions

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Total 203 questions
Question 1

Governments and non-profits obtain services from Three Types of banks. Which one of the following id not out those banks?



Answer : C


Question 2

Number of students enrolled, cost per student enrolled, year--end state test score and critical thinking and application of knowledge. This is an example of measures in education sector. Match these steps with the following appropriate list of types of measures.



Answer : A


Question 3

Commercial banks issue ______________ which give local governments the money to refinance or refund debt at a lower interest rate.



Answer : A


Question 4

In addition to interim financial reports, governments may report on interim basis:



Answer : C


Question 5

Cash management program has all of the following components EXCEPT:



Answer : D


Question 6

If the $20,000 is loaned at a stated interest rate of 10%with the requirement that an 18% minimum compensating balance be kept, the APR (annual percentage rate) is:



Answer : C


Question 7

The National Committee on Municipal Accounting (NCMA), sponsored by the Municipal Finance Officers Association (later Government Finance Association [GFOA]), published in what is called, for obvious reasons, the ''Blue Book.'' The third Blue book was titled as:



Answer : A


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Total 203 questions