GFOA Exam CPFO Topic 12 Question 64 Discussion

Actual exam question for GFOA's CPFO exam

Question #: 64
Topic #: 12

[All CPFO Questions]

Pension trust, investment trust, private-purpose trust, and agency are the types of:

AInternal Funds

BCapital Assets

CPrivate purpose Trust Funds

DNone of these

Show Suggested Answer

Suggested Answer: D

by Lavonna at Jan 10, 2023, 08:29 PM

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Beata

1 months ago

This is a tricky one, but I'm going with C. Who came up with 'private-purpose trust' anyway? Sounds like something out of a bad comedy sketch.

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Xochitl

4 days ago

I'm going with A. Internal funds seem more likely to me.

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Corrie

7 days ago

I think it's C too. Private-purpose trust does sound a bit strange.

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Renea

2 months ago

Hmm, I'm not too sure about this one. I'll have to double-check my notes, but I'm leaning towards C.

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Jose

C) Private purpose Trust Funds

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Allene

20 days ago

B) Capital Assets

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Mica

29 days ago

A) Internal Funds

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Shannon

2 months ago

Definitely C. I remember learning about these in my finance class. Private-purpose trust funds are a whole category on their own.

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Stephen

5 days ago

Yeah, private-purpose trust funds stand out among the types mentioned.

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Kerry

11 days ago

I think it's C too, private-purpose trust funds are different from the others.

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Kaitlyn

20 days ago

I agree, private-purpose trust funds are a unique category.

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Catherin

2 months ago

I'm not sure, but I think it's between A) Internal Funds and C) Private purpose Trust Funds.

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Frederica

2 months ago

I agree with Santos, those types are related to private purpose trust funds.

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Maryann

2 months ago

I think the answer is C. These are all different types of trust funds, not internal funds or capital assets.

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Rolland

30 days ago

I agree, the answer is C. They are all types of trust funds.

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Anisha

1 months ago

D) None of these

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Daryl

1 months ago

C) Private purpose Trust Funds

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Adelle

1 months ago

B) Capital Assets

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Aileen

1 months ago

A) Internal Funds

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Santos

2 months ago

I think the answer is C) Private purpose Trust Funds.

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