100% Free HFMA CHFP Practice Test Questions and Answers 2026

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Total 315 Questions | Updated On: May 24, 2026

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Question 1

In contrast to excel’s NPV function, the IRR function includes the final investments as one of the entries in the function.

A : True

B : False

Answer: B

Question 2

The point where total revenues equal total costs is called:

A : Cope point

B : Break-even point

C : Get-by point

D : Equivalent point

Answer: B

Question 3

In addition to the interest rate on a line of credit, financial institutions ale also compensated througheither:

A : Commitment fees

B : Compensating balance

C : Both A & B

D : Neither A nor B

Answer: C

Question 4

Selling accounts receivable at a discount, usually to a financial institution is called:

A : Factoring

B : Discounted rate

C : Financial accounts

D : None of the above

Answer: A

Question 5

The rate of return required undertaking a project; the cost of capital accounts for both the time value of money and risk refers to:

A : Cost of return

B : Cost of capital

C : Cost of risk

D : Cost of revenue

Answer: B

Page: 1 / 63

Total 315 Questions | Updated On: May 24, 2026

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