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Certified Government Financial Manager

Exam Details

  • Exam Code
    :CGFM
  • Exam Name
    :Certified Government Financial Manager
  • Certification
    :Test Prep Certifications
  • Vendor
    :Test Prep
  • Total Questions
    :203 Q&As
  • Last Updated
    :

Test Prep Test Prep Certifications CGFM Questions & Answers

  • Question 21:

    Which of the following is not included in long-term credit products offered by banks?

    A. Long-term capital lease agreements

    B. Bonds agreements

    C. A line of credit

    D. None of these

  • Question 22:

    If the $20,000 is loaned at a stated interest rate of 10%with the requirement that an 18% minimum compensating balance be kept, the APR (annual percentage rate) is:

    A. 12.07%

    B. 12.00%

    C. 12.2%

    D. 13%

  • Question 23:

    The investment officer should report the status of investment at least quarterly (or monthly), including:

    A. A list of individual securities held at the end of the reporting period

    B. Realized and unrealized gains or losses resulting from appreciation or market value of securities

    C. Average weighted yield to maturity of investments compared to applicable benchmarks.

    D. All of these

  • Question 24:

    Banks offer following short-term, loans, EXCEPT:

    A. A line of credit against which a specified dollar amount may be drawn with interest paid, usually monthly

    B. Bond anticipation notes (BANs) in anticipation of future long-term financing

    C. Tax anticipation notes (TANs) or revenue anticipation of taxes or other revenue that will be received

    D. None of these

  • Question 25:

    Cash management program has all of the following components EXCEPT: A. Trained personnel

    B. A cash management policy

    C. Sound investment practices

    D. None of these

  • Question 26:

    Which of the following is not included in general guidelines for a diversified investment portfolio?

    A. Do not over-concentrate securities from a specific issue or business sector

    B. Invest in securities that have varying maturities

    C. Limited investment in securities with higher credit risk

    D. never invest in readily liquid securities

  • Question 27:

    To decide whether to issue bond publicly or privately ______________

    A. A cost comparison should be made

    B. A demo issue should be done

    C. An international research on that issue should be done

    D. None of these

  • Question 28:

    Most Government Issue bond in denominations of $5000, which underwriters call:

    A. `Five bonds"

    B. Fives

    C. Base bonds

    D. Both AandB

  • Question 29:

    The indenture includes all these covenants that protect the beholder EXCEPT:

    A. Rate covenant

    B. Debt service reserve covenant

    C. Flow of funds covenant

    D. none of these

  • Question 30:

    Types of so bonds are all of the following EXCEPT:

    A. Special assessment and special or limited tax

    B. Non-property tax and non-local ax

    C. Moral obligation

    D. All of these

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