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CGFM Exam Questions & Answers

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CGFM Exam Questions & Answers

Vendor: Test Prep

Certifications: Test Prep Certifications

Exam Code: CGFM

Exam Name: Certified Government Financial Manager

Updated: May 20, 2025

Q&As: 203 ( View Details)

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CGFM Online Practice Questions and Answers

Questions 1

The Federal Credit Reform Act of 1990 requires that the cost of loan defaults and interest subsidies be estimated and recorded:

A. on a FIFO basis as loans are made.

B. when a defaulted loan is made good by the agency.

C. on a present value basis when the loans are made or guarantees are issued.

D. on a cash basis when the loan is paid.

Show Answer
Questions 2

If a government or nonprofit annually collects $ 2 million, what is the per occurrence deductibles?

A. 2,200

B. 2,000

C. 2,300

D. None of these

Show Answer
Questions 3

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

A. `Five bonds"

B. Fives

C. Base bonds

D. Both AandB

Show Answer More Questions

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