Free HFMA CHFP Exam Questions

Become HFMA Certified with updated CHFP exam questions and correct answers

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Total 315 Questions | Updated On: Jun 03, 2025

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Question 1

The formula to calculate the present value of an amount to be received in the future is:

A : = FV – [1 + (1+n) i]

B : = FV + [1 + (1-n) n]

C : = FV * [1 / (1+i) n]

D : = FV / [1 / (1-n) i]

Answer: C

Question 2

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

either:

A : mmitment fees

B : mpensating balance

C : Both A & B

D : ither A nor B

Answer: C

Question 3

The future value formula to compound at intervals more frequent than annual is:

A : = PV + (1 + i/m) n*m

B : = PV * (1 + i/m) n-m

C : = PV - (1 + i*m) n/m

D : FV = PV * (1 + i/m) n*m(Where i= annual interest rate, m=number of times /year that compounding occurs and n= numberof years)

Answer: D

Question 4

Prescription drug coverage for Medicare enrollees, which offsets some of the out-ofpocket costs for medications, this covers:

A : dicare Part A

B : dicare Part B

C : Medicare Part D

D : Medicare Part F

Answer: C

Question 5

Operating income divided by total operating revenues measures:

A : t operating value

B : erating margin ratio

C : oss operating ratio

D : Subsequent operating ratio

Answer: B

Page: 1 / 63

Total 315 Questions | Updated On: Jun 03, 2025

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