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. Debt Service Ratio






2. Types of Leading Responses






3. Net Investment Income






4. ROE (Return On Equity)






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






6. Liquidity Ratio






7. Sustainable Growth Rate






8. Cash Ratio






9. financial planning pyramid






10. Social Styles






11. EBIT






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






13. Types of Understanding Responses Associated With Active Listening






14. PEG ratio






15. Current Ratio






16. Gross Investment income






17. Domains of a CFP






18. Attributes of Effective Advisor communiations






19. After-tax Return






20. Book Value (of company stock)






21. Solvency Ratio






22. Assets to Equity ratio






23. Debt to Equity ratio






24. Equivalent Tax Deduction






25. financial life cycle






26. Holding Period Return






27. Opportunities in Financial Planning






28. Net Cash Flow






29. Quick Ratio (aka Acid test)






30. Working Capital






31. P/E ratio






32. The retention ratio






33. After-tax Yield






34. Times Interest Earned






35. Net After Tax Profit Margin






36. Major CFP Planning Areas






37. Equivalent Tax Credit






38. CFP Ethical principles






39. Savings Ratio






40. The payout ratio






41. Asset Turnover Ratio






42. Current Yield of a bond

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43. 'normal' ratio






44. aka Net Income






45. Total Debt to Equity ratio






46. Present value of a Bond