CTFA

CTFA practice questions, page 7 of 35, with answer review and explanations.

Question 31

It is a measure of inflation based on changes in consumer goods and services:

  1. Consumer price Index
  2. Customer price Index
  3. Market rate Index
  4. Market value

Question 32

Inflation is a vital concern to financial planning. It affects not only what we pay for our goods and services but also what we earn in our jobs. The amount of goods and services each dollar buys at a given time is:

  1. Purchasing power
  2. Seller's demand
  3. Market value
  4. Sales purchase difference

Question 33

Balance sheet and income statements that serve as essential planning tools for developing and monitoring personal financial plans may be referred as:

  1. Personal financial statements
  2. Legal financial statements
  3. Illegal financial statements
  4. Company profile

Question 34

It's a detailed financial report that looks forward, based on expected income and expenses.

  1. Balance sheet
  2. Income Statement
  3. Budget
  4. Equity turnover

Question 35

The actual value of an asset, or the price of an asset, or the price for which it can reasonably be expected to sell in the open market is its:

  1. Actual price
  2. Book value
  3. Depreciation amount
  4. Fair market value