GFOA Exam CPFO Topic 2 Question 103 Discussion

Actual exam question for GFOA's CPFO exam

Question #: 103
Topic #: 2

All of the following are core banking services EXCEPT:

AInvestment management

BSecurity services

CReconciliation Services

DConcentration and Zero balance

Show Suggested Answer

Suggested Answer: A

by Virgilio at Nov 15, 2024, 09:57 AM

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4 days ago

D) Concentration and Zero balance - that's way too specific to be a core banking service. Banks offer way more than just that.

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6 days ago

Hmm, I see your point. Maybe we should review the definitions of core banking services again.

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8 days ago

I disagree, I believe the answer is D) Concentration and Zero balance.

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26 days ago

I think the answer is A) Investment management.

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