Explore Free AGA Certified Government Financial Manager CGFM Practice Questions for Exam Mastery

Get a glimpse of the real CGFM certification exam challenges with our free AGA CGFM practice test questions.

Question 1

The _____________

1. Renders an opinion as to whether the bonds are tax exempt.

2. Deter-mines whether a governments has legal authority to issue the bonds.

3. Drafts the bonds resolution the ordinance, and notice of election; and

4. Reviews the bidding information given to underwriter.

Correct Answer: 1

B

Question 2

The financial adviser:

Correct Answer: 2

D

Question 3

In issuing bonds, Governments usually take following steps EXCEPT:

Correct Answer: 3

A

Question 4

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:

Correct Answer: 4

C

Question 5

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

Correct Answer: 5

C

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