AGA Exam CGFM Topic 4 Question 28 Discussion

Actual exam question for AGA's CGFM exam

Question #: 28
Topic #: 4

[All CGFM Questions]

Pay.gov is an example of

Aa zero-balance account.

Ba concentration system.

Can electronic lockbox.

Da data warehouse system.

US. Treasury Pay.gov Website: Describes Pay.gov as an electronic lockbox for federal payment processing.
GAO Financial Management Systems Guide: Highlights the role of electronic lockboxes like Pay.gov in improving efficiency.

Show Suggested Answer

Suggested Answer: D

by Filiberto at Apr 20, 2023, 08:39 AM

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Jamie

4 days ago

The correct answer is C) an electronic lockbox. Pay.gov is specifically described as an electronic lockbox for federal payment processing, so this aligns with the information provided.

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