AGA Exam CGFM Topic 3 Question 59 Discussion

Actual exam question for AGA's CGFM exam

Question #: 59
Topic #: 3

[All CGFM Questions]

Banks offer following short-term, loans, EXCEPT:

AA line of credit against which a specified dollar amount may be drawn with interest paid, usually monthly

BBond anticipation notes (BANs) in anticipation of future long-term financing

CTax anticipation notes (TANs) or revenue anticipation of taxes or other revenue that will be received

DNone of these

Show Suggested Answer

Suggested Answer: D

by Alpha at Sep 18, 2024, 09:13 PM

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Xochitl

2 months ago

I'm not sure, but I think B) Bond anticipation notes may not be offered as short-term loans by banks.

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Eve

2 months ago

I agree with Julio, because all the other options are types of short-term loans offered by banks.

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Na

2 months ago

C) Tax anticipation notes. Because who doesn't love paying taxes early? Yay, bureaucracy!

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Kimbery

24 days ago

D) None of these

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Kassandra

25 days ago

C) Tax anticipation notes (TANs) or revenue anticipation of taxes or other revenue that will be received

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Dyan

2 months ago

B) Bond anticipation notes (BANs) in anticipation of future long-term financing

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Edna

2 months ago

A) A line of credit against which a specified dollar amount may be drawn with interest paid, usually monthly

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Julio

2 months ago

I think the answer is D) None of these.

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Slyvia

2 months ago

Ooh, this one's tricky. I'm going to have to go with my gut and say D) None of these. Banks love to throw curveballs like that!

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Marjory

2 months ago

A) A line of credit. That's the classic short-term bank loan, easy peasy.

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Francis

3 months ago

I'm going with B) Bond anticipation notes. Who doesn't love a good BAN, am I right?

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Huey

2 months ago

Mollie: Yeah, B) Bond anticipation notes might not be as reliable.

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Mollie

2 months ago

I agree, A) seems more practical.

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Nilsa

2 months ago

I think A) A line of credit is a better option.

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France

3 months ago

D) None of these. Banks definitely offer all of those short-term loan options. This one's a trick question!

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Ira

2 months ago

User 2

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Mila

3 months ago

User 1

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