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 Credit






2. After-tax Return






3. Gross Investment income






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






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






6. financial life cycle






7. P/E ratio






8. Holding Period Return






9. Current Yield of a bond

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10. Sustainable Growth Rate






11. Debt to Equity ratio






12. Net Cash Flow






13. Current Ratio






14. After-tax Yield






15. Net After Tax Profit Margin






16. Assets to Equity ratio






17. Book Value (of company stock)






18. EBIT






19. The retention ratio






20. Major CFP Planning Areas






21. Liquidity Ratio






22. ROE (Return On Equity)






23. Present value of a Bond






24. PEG ratio






25. Cash Ratio






26. Types of Understanding Responses Associated With Active Listening






27. Debt Service Ratio






28. Asset Turnover Ratio






29. Domains of a CFP






30. Total Debt to Equity ratio






31. Types of Leading Responses






32. financial planning pyramid






33. Equivalent Tax Deduction






34. Savings Ratio






35. CFP Ethical principles






36. Times Interest Earned






37. Social Styles






38. Attributes of Effective Advisor communiations






39. Net Investment Income






40. Working Capital






41. Solvency Ratio






42. aka Net Income






43. 'normal' ratio






44. The payout ratio






45. Quick Ratio (aka Acid test)






46. Opportunities in Financial Planning