AGA AGA-CGFM Online Practice Questions and Exam Preparation

AGA AGA-CGFM Online Questions & Answers

• Question 71:

  To issue bonds, a government depends on many specialists including:

  A. Consulting engineer
  B. Financial adviser
  C. Bond counsel
  D. All of these
  D. All of these

• Question 72:

  Ideally, the risk manager would have academic training, but most learn on the job. Opportunities for training and professional recognition include:

  A. Associate in Risk Management (ARM), Insurance Institute of America
  B. Certified Risk Manager (CRM), the National Alliance for Insurance Education and Research
  C. Public risk and Insurance Management Association (PRIMA)
  D. All of these
  D. All of these

• Question 73:

  The city of Mudville uses 1600 oil filters annually. The cost of placing an order is $5.00. The unit cost is $3.50. The carrying cost is 20 percent, and the carrying cost per unit is and0.70(0.20x$3.50). What is the economic order quantity?

  A. 150 oil filters
  B. 130 oil filters
  C. 155 oil filters
  D. None of these
  A. 150 oil filters

• Question 74:

  _______________ Details the principal steps and the dates by which the bonds will be sold.

  A. Bond sale calendar
  B. Bond indenture
  C. Bond certificate
  D. None of these
  A. Bond sale calendar

• Question 75:

  In non-reciprocal interfund activities transfers without repayment may occur because?

  A. A proprietary fund is self-supporting
  B. A proprietary fund is not self-supporting
  C. For instance a public transit system may require a transfer form the general fund because fares and other revenues do not offset costs.
  D. None of there
  B. A proprietary fund is not self-supporting
  C. For instance a public transit system may require a transfer form the general fund because fares and other revenues do not offset costs.

• Question 76:

  As electronic commerce is the ripe of FRAUD, governments should secure bank security services that reduce the possibility of fraud, including all of these EXCEPT:

  A. Positive pay
  B. ACH block
  C. Reverse Positive pay
  D. None of these
  D. None of these

• Question 77:

  One way in which federal and state governments influence local governments is by:

  A. providing block grants.
  B. issuing ordinances.
  C. authorizing debt.
  D. setting budget authority.
  A. providing block grants.

• Question 78:

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

  A. Internal Funds
  B. Capital Assets
  C. Private purpose Trust Funds
  D. None of these
  D. None of these

• Question 79:

  Lenders charge four types of interest depending on the nature of the loan. Which one of the following is NOT out of those interests?

  A. Annual percentage rates
  B. A discounted note
  C. An installment loan
  D. A non-discounted note
  A. Annual percentage rates

• Question 80:

  Governments should safely invest a high percentage of their available cash at competitive rates of return. The yield should be compared to a benchmark such as:

  A. The 3-month Treasury bill rate
  B. The 1-year Treasury note rate
  C. The Russell thousand fixed income index
  D. All of the above
  D. All of the above