Free GFOA CPFO Exam Actual Questions

The questions for CPFO were last updated On Feb 21, 2025

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Question No. 1

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

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Correct Answer: C

Question No. 2

EFT is most widely used for direct deposit of payroll but other common applications include all of the following EXCEPT:

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Correct Answer: D

Question No. 3

There are about 420 self-insurance pools regarding risk transfer, in America, many of which belong to the:

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Correct Answer: A

Question No. 4

Initially Line item budgets were used by the local governments but afterwards more reformed practices has taken its place and grouped its purpose. Those refined and more manageable categories are all EXCEPT:

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Correct Answer: D

Question No. 5

The risk manager compiles:

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Correct Answer: D