ADMISSION-Certified Government Financial Manager Set 3

A ________ sweeps payroll, accounts, payables, and daily collections into a concentration account daily.

Under the ___________ arrangement, governments completely outsource the reconciliation to the bank, which reports items issued and paid, issued but not paid, and not yet issued.

Governments have three principal options for selecting a bank. Which one of the following is the best out of those options?

RFP (Request for proposals) includes:

Assume that the bank's monthly costs are $12,520, the 30-day Treasury bill rate is 10.4%, and the bank is subject to a 15% reserve requirement. What is the MCB?

Governments borrow from the either banks or tax-exempt money market funds in anticipation of taxes, revenues, bonds, or improved market conditions. Some of such conditions are as follows EXCEPT:

____________ are in anticipation of improved market conditions in which to issue longterm debt. It typically matures within 15-45 days.

Lenders charge four types of interest depending on the nature of the loan. Which one of the following is NOT out of those interests?

A government borrows $20,000 for one year at a 10 percent interest rate. What will be the non-discounted loan?

The principal advantage of a CIP (Capital improvement Program) is that______________, including their project designs, land acquisition, permitting, and acquiring financing.