Chapter 1 Chapter 2 Chapter 3 Chapter 4 Chapter 5 Quiz
To help us track the demographics of the clients we serve, please answer the following questions. We will not share any of your individual personal information with any third party organization.
First name: Last name: Age:
State of residence: Annual Income ($):  

1. The value of your assets minus your liabilities is your:

Cash flow
Net worth
Equity cushion

2. Short-term goals are met in under:

Six months
One year
Two years

3. Which of the following gives you a percentage of ownership in a company?:

Cash equivalent

4. Which of the following is not considered a cash equivalent?:

Index fund
Certificate of deposit
U.S. Treasury bill

5. Which of the following is an example of a non-employer-sponsored retirement plan:

Roth IRA

6. A ____ is a tax-advantaged account for education costs:

529 Plan
Traditional IRA
Testamentary trust

7. ____ life insurance combines a death benefit with a savings account:


8. A will:

Allows you to specify guardianship for a dependent
Is a separate legal entity that holds ownership of your asset(s)
Is only important for people with lot of property

9. CFP stands for:

Charted financial professional
Certified fund planner
Certified financial planner

10. When choosing a financial professional, you should:

Listen to your gut
Only use someone with at least ten years of experience
Choose the person who charges the lowest fee

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