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Exam CGFM topic 1 question 125 discussion

Actual exam question from Test Prep's CGFM
Question #: 125
Topic #: 1
[All CGFM Questions]

Four types of credit enhancements are offered by state bond banks. Which of the following is NOT out of those enhancements?

  • A. A moral obligation reserve that will fund one year of debt service
  • B. A state intercept fund that diverts state aid to a defaulting local unit from the state bond bank
  • C. Additional collateral pledge
  • D. None of these
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Suggested Answer: C 🗳️
by Diana100 at Oct. 16, 2020, 10:37 p.m.

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Diana100
4 years, 3 months ago
In one of my reviewer book, the answer for this is A.
upvoted 1 times
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