GFOA Exam CPFO Topic 7 Question 99 Discussion

Actual exam question for GFOA's CPFO exam

Question #: 99
Topic #: 7

[All CPFO Questions]

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 Dierdre at Sep 18, 2024, 11:55 AM

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Elfriede

2 months ago

This question is about as clear as mud. I feel like the bank is trying to trick us with these options. Where's the 'All of the above' choice when you need it?

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Ettie

2 months ago

I mean, a long-term capital lease agreement is basically the bank saying, 'Hey, we'll let you use our stuff for a really long time.' Seems pretty long-term to me.

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Rossana

16 days ago

D) None of these

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Merlyn

21 days ago

C) A line of credit

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Lenny

22 days ago

B) Bonds agreements

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Azzie

25 days ago

A) Long-term capital lease agreements

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Wynell

2 months ago

None of these? Really? That's like the teacher saying, 'None of the above are correct.' What kind of a cop-out is that?

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Camellia

1 months ago

C) A line of credit

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Brice

1 months ago

A) Long-term capital lease agreements

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Jody

1 months ago

B) Bonds agreements

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Nu

2 months ago

But a line of credit is a short-term credit product, not long-term. So, I still think it's C).

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Phuong

2 months ago

I disagree, I believe it's A) Long-term capital lease agreements.

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Nu

2 months ago

I think the answer is C) A line of credit.

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Fletcher

2 months ago

Bonds agreements? Sounds like the bank is trying to get us to spy on 007 or something. I'm pretty sure that's not a standard banking service.

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Shonda

26 days ago

Exactly! It's all about raising capital for the bank's operations.

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Daniel

1 months ago

Oh, that makes sense. So, it's actually a legitimate financial product then?

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Jerry

1 months ago

Yeah, it does sound mysterious. But I think it's just a way for banks to raise funds from investors.

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Wilda

1 months ago

Haha, I agree! Bonds agreements sound so secretive, like we're in a spy movie or something.

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Rosio

1 months ago

D) None of these

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Dwight

1 months ago

C) A line of credit

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Helene

1 months ago

B) Bonds agreements

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Gianna

2 months ago

A) Long-term capital lease agreements

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Melvin

3 months ago

A line of credit? Isn't that like a bank's way of saying 'We trust you enough to let you borrow money whenever you need it?' Clearly not a long-term credit product.

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Alica

2 months ago

So the correct answer is C) A line of credit.

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Louvenia

2 months ago

Long-term capital lease agreements and bonds agreements are examples of long-term credit products.

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Josefa

2 months ago

A line of credit is actually considered a short-term credit product.

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