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. The retention ratio






2. 'normal' ratio






3. Equivalent Tax Deduction






4. Solvency Ratio






5. The payout ratio






6. Equivalent Tax Credit






7. Social Styles






8. Types of Understanding Responses Associated With Active Listening






9. Book Value (of company stock)






10. Times Interest Earned






11. PEG ratio






12. Total Debt to Equity ratio






13. Opportunities in Financial Planning






14. P/E ratio






15. Attributes of Effective Advisor communiations






16. Assets to Equity ratio






17. Sustainable Growth Rate






18. Asset Turnover Ratio






19. Liquidity Ratio






20. Holding Period Return






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






22. Major CFP Planning Areas






23. Debt Service Ratio






24. Cash Ratio






25. Net Cash Flow






26. After-tax Yield






27. Domains of a CFP






28. Net Investment Income






29. financial life cycle






30. ROE (Return On Equity)






31. Current Yield of a bond


32. Quick Ratio (aka Acid test)






33. aka Net Income






34. Net After Tax Profit Margin






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






36. After-tax Return






37. financial planning pyramid






38. Debt to Equity ratio






39. CFP Ethical principles






40. Types of Leading Responses






41. Current Ratio






42. Working Capital






43. Savings Ratio






44. Gross Investment income






45. EBIT






46. Present value of a Bond