GFOA Exam CPFO Topic 4 Question 86 Discussion

Actual exam question for GFOA's CPFO exam

Question #: 86
Topic #: 4

Which of the following is not included in long-term credit products offered by banks?

ALong-term capital lease agreements

BBonds agreements

CA line of credit

DNone of these

Show Suggested Answer

Suggested Answer: C

by Ben at May 02, 2024, 08:55 PM

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6 months ago

Seems like it. Lines of credit don’t fit the long-term category.

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6 months ago

So we all think it's C then?

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7 months ago

True, but options A and B are definitely long-term.

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7 months ago

Agreed, lines of credit are usually short-term.

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7 months ago

Yeah, it's tricky. I think the answer is C) A line of credit.

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7 months ago

I didn't expect this question to be on the exam.

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