Test your basic knowledge |

CFP: Certified Financial Planner

Instructions:
  • Answer 46 questions in 15 minutes.
  • If you are not ready to take this test, you can study here.
  • Match each statement with the correct term.
  • Don't refresh. All questions and answers are randomly picked and ordered every time you load a test.

This is a study tool. The 3 wrong answers for each question are randomly chosen from answers to other questions. So, you might find at times the answers obvious, but you will see it re-enforces your understanding as you take the test each time.
1. Equivalent Tax Deduction






2. Equivalent Tax Credit






3. Current Yield of a bond






4. Arithmetic Mean Return; T = Terminal period; good for comparing different investments






5. EBIT






6. Debt to Equity ratio






7. financial life cycle






8. aka Net Income






9. Net Investment Income






10. Opportunities in Financial Planning






11. Assets to Equity ratio






12. Types of Understanding Responses Associated With Active Listening






13. Working Capital






14. ROE (Return On Equity)






15. Current Ratio






16. Holding Period Return






17. P/E ratio






18. After-tax Return






19. Total Debt to Equity ratio






20. Types of Leading Responses






21. After-tax Yield






22. Liquidity Ratio






23. Asset Turnover Ratio






24. PEG ratio






25. CFP Ethical principles






26. 'normal' ratio






27. Domains of a CFP






28. financial planning pyramid






29. Sustainable Growth Rate






30. Attributes of Effective Advisor communiations






31. Solvency Ratio






32. The payout ratio






33. Savings Ratio






34. Present value of a Bond






35. Social Styles






36. Cash Ratio






37. Quick Ratio (aka Acid test)






38. The retention ratio






39. Debt Service Ratio






40. Net After Tax Profit Margin






41. Major CFP Planning Areas






42. Gross Investment income






43. Book Value (of company stock)






44. Net Cash Flow






45. Real Return (inflation adjusted); NR = Nominal Return; CCL = Change in Cost of Living (inflation rate)






46. Times Interest Earned