CFP Certification Exam Study Guide - Certified Financial Planner Final Exam

Free Practice Test Instructions:

Choose your answer to the question and click 'Continue' to see how you did. Then click 'Next Question' to answer the next question. When you have completed the free practice test, click 'View Results' to see your results. Good luck!

Question 1 1. According to the lesson, the CFB board is to be notified of any amendments to CFP contact information within how many days?

Question 2 2. All of the following are practice standards set by the Certified Financial Planner's Board EXCEPT:

Question 3 3. A _____ is a sanction where the DEC may permanently take away a CFP's ability to use the professional designation.

Question 4 4. Financial institutions who refuse to process home mortgage applications for Chinese applicants are violating which regulation?

Question 5 5. Molly was excited to use her tax refund to purchase a brand new dining room set. To her dismay, when the new furniture was delivered to her home, she detected several nicks in the table and some snags and dirt marks on the chair cushions. Molly called the store to reject her order and demand that her deposit be immediately returned. The manager of the store refused, and Molly was forced to take legal action. This is an example of which of the following

Question 6 6. Maria hires Carl to be her financial broker. She asks Carl to invest $10,000 in a particular stock. The stock is for a startup company run by Maria's friend. After researching the company, Carl decides it's a great investment and decides to invest $10,000 of his own money, too. Carl has likely breached the duty of:

Question 7 7. A closing line, like an opening statement, is a simple yet professional statement. Which of the following is an appropriate closing line?

Question 8 8. If you were interested in paying down your Sallie Mae loan for your college, which type of financial service would be most suitable for you?

Question 9 9. Which statement is true about the principal portion of the payment?

Question 10 10. This type of aid is based on financial status:

Question 11 11. Which of the following is true if an individual gives another person a gift that exceeds the annual gift tax exemption limit?

Question 12 12. How long does a student have to pay back a scholarship?

Question 13 13. What is the difference between term and whole life insurance?

Question 14 14. Which of the following is true of insurance policies offered through work?

Question 15 15. Why is the claims paying ability of an insurance company important?

Tell us about yourself

Are you a student or a teacher?

I am a student I am a teacher

CFP Certification Exam Study Guide - Certified Financial Planner Final Free Practice Test Instructions

Choose your answer to the question and click 'Continue' to see how you did. Then click 'Next Question' to answer the next question. When you have completed the free practice test, click 'View Results' to see your results. Good luck!

CFP Certification Exam Study Guide - Certified Financial Planner  /  Business Courses
Support