Free CPFO Exam Braindumps
Certified Public Finance Officer (CPFO) Questions 71–75 (page: 16)

Updated On: 10-Feb-2026

The most politically sensitive budgetary decisions for government board members center
on:

  1. Whether to adopt a strategic plan
  2. How much to hold in reserve for emergencies
  3. Tax and user free rates
  4. All of there

Answer(s): C



A city buys a T-bill with a face value of $10,000 for $9,800. The bill matures in 91 days.
What is the yield?

  1. 8.007%
  2. 8.07%
  3. 8.70%
  4. 87.07%

Answer(s): B



A Stabile economy is defined as?

I). An equilibrium in the international balance of payments
II). Full employment
III). Economist growth
IV). Frequent changes in Price

  1. All of there
  2. Only I, II
  3. I, III, IV
  4. All EXCEPT IV

Answer(s): D



The supply side fiscal policy reduces _________________ and the Keynesian fiscal policy increases _____________.

  1. Economic growth, Taxes
  2. Taxes, Federal spending
  3. Economic growth, Employment rate
  4. None of these

Answer(s): B



States require that:

  1. Local units adopt balanced budgets but are silent about year-end balances
  2. Strategic planners first conduct SWOT analysis
  3. The Governor makes across-the-Board cuts
  4. None of there

Answer(s): A



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