GFOA Exam CPFO Topic 7 Question 69 Discussion

Actual exam question for GFOA's CPFO exam

Question #: 69
Topic #: 7

[All CPFO Questions]

Commercial banks issue ______________ which give local governments the money to refinance or refund debt at a lower interest rate.

A(LOCs) Letters of credit

BGO Bonds

CSO Bonds

DState Bonds

Show Suggested Answer

Suggested Answer: A

by Xuan at Apr 21, 2023, 05:08 PM

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Gail

6 days ago

I think the answer is B) GO Bonds. Municipal governments issue general obligation bonds to raise funds for infrastructure projects and to refinance existing debt.

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Roxane

14 days ago

I agree, GO Bonds are a good option for local governments to manage their debt more effectively.

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Albert

16 days ago

I think GO Bonds help local governments save money by refinancing debt at lower interest rates.

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Galen

19 days ago

Commercial banks issue GO Bonds.

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