Independence Day Deal! Unlock 25% OFF Today – Limited-Time Offer - Ends In 00:00:00 Coupon code: SAVE25
Welcome to Pass4Success

- Free Preparation Discussions
Mail Us support@pass4success.com
Location PL
Mob_nav_barsMENU

GFOA Exam CPFO Topic 1 Question 110 Discussion

Actual exam question for GFOA's CPFO exam
Question #: 110
Topic #: 1
[All CPFO Questions]

Credit services, Trustee and related services and investment management services are the Secondary services provided by banks.

Show Suggested Answer Hide Answer
Suggested Answer: A

by Benton at Apr 08, 2025, 10:27 AM

Limited Time Offer

25%

Off

Get Premium CPFO Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

Submit Cancel
Candra
25 days ago
If only the bank's ATM could provide investment management services, that would be the true definition of banking convenience. But alas, B is the correct answer here.
upvoted 0 times
...
Nida
1 months ago
D is the way to go. Banks definitely offer both primary and secondary services these days. Gotta keep up with the competition, you know?
upvoted 0 times
...
Lyla
1 months ago
Haha, this question is tricky. The bank I work at definitely provides those secondary services. I think A is the correct answer, but I wouldn't be surprised if it's a trick question!
upvoted 0 times
...
Charlene
1 months ago
Wait, what? I thought banks did offer those secondary services. Hmm, let me think this through again. C might be the right answer here.
upvoted 0 times
Lashandra
9 days ago
I agree, it could be both true and depend on the bank.
upvoted 0 times
...
Mollie
13 days ago
I'm not sure, maybe it depends on the bank and their specific services.
upvoted 0 times
...
Lennie
16 days ago
I think it's true, banks do offer those services as well.
upvoted 0 times
...
...
Gracia
2 months ago
I'm not sure, but I think it could also be D) Both A and C because it might depend on the specific bank.
upvoted 0 times
...
Julio
2 months ago
I agree with Nan, banks do provide those services.
upvoted 0 times
...
Nan
2 months ago
I think the answer is A) True.
upvoted 0 times
...
Timmy
2 months ago
I'm pretty sure the answer is B. Banks only provide primary services like deposits and loans, not secondary services like investment management or trustee services. That's the domain of other financial institutions.
upvoted 0 times
Tina
18 days ago
True, it really depends on the specific bank and their range of services.
upvoted 0 times
...
Jonelle
25 days ago
So the answer could be both A and C, depending on the bank.
upvoted 0 times
...
Willow
1 months ago
But some banks do offer secondary services like investment management and trustee services.
upvoted 0 times
...
Adell
1 months ago
I think you're right, banks mainly focus on primary services like deposits and loans.
upvoted 0 times
...
...

Save Cancel
az-700  pass4success  az-104  200-301  200-201  cissp  350-401  350-201  350-501  350-601  350-801  350-901  az-720  az-305  pl-300  

Warning: Cannot modify header information - headers already sent by (output started at /pass.php:70) in /pass.php on line 77