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GAFRB Dumps - Examination 2: Governmental Accounting, Financial Reporting and Budgeting (GAFRB) Practice Exam Questions

AGA GAFRB - Government Financial Manager Practice Exam

  • Certification Provider:AGA
  • Exam Code:GAFRB
  • Exam Name:Examination 2: Governmental Accounting, Financial Reporting and Budgeting (GAFRB) Exam
  • Total Questions:115 Questions and Answers
  • Updated on:Jul 16, 2025
  • Product Format: PDF & Test Engine Software Version
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AGA GAFRB This Week Result

GAFRB Question and Answers

Question # 1

A local government is evaluating different financing options for an upcoming capital project. Which of the following debt instruments will typically offer the lowest interest rate?

Options:

A.  

commercial paper

B.  

general obligation bonds

C.  

revenue bonds

D.  

certificate of deposit

Discussion 0
Question # 2

For state and local governments, a fund that is legally restricted to the use of earnings with the principal protected is

Options:

A.  

an enterprise fund.

B.  

a permanent fund.

C.  

an internal service fund.

D.  

a general fund.

Discussion 0
Question # 3

Which federal agency activities would most likely use a trust fund to account for funds received and paid?

Options:

A.  

general government programs receiving annual appropriations

B.  

provisions of benefits, goods or services financed by specific revenue sources

C.  

business-type operations financed by exchange revenues

D.  

grant programs distributing funds awarded in prior years

Discussion 0

PDF vs Software Version

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Familiarity with Exam Format:
One of the main reasons candidates might look towards GAFRB dumps is to familiarize themselves with the AGA exam format. Government Financial Manager practice exam can give a glimpse into the types of questions asked and how they are structured.

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