Exam (elaborations)
CPFM, CPFC Practice Exam 2024/2025 Rated A+
- Course
- Institution
CPFM, CPFC Practice Exam 2024/2025 Rated A+
[Show more]
Content preview
CPFM, CPFC Practice Exam 2024/2025Rated A+
"What brought you to see me today?" is an example of an open-ended question.
a. False
b. True - ANSWER-b. True
A __________ is an official claim or charge against collateral for funds owed.
b. Wage garnishment
c. Lawsuit
d. Collection action - ANSWER-a. Lien
A money market account __________.
a. Usually has a minimum balance requirement
b. Is designed to take advantage of changes in interest rates
c. Pays a slightly higher rate of interest than a savings account
d. All of the above - ANSWER-d. All of the above
A revolving line of credit:
a. Can be used over and over again
b. Not backed by collateral
c. typically has a higher rate of interest than an installment loan
d. All of the above - ANSWER-d. All of the above
A third-party organization that negotiates with an individuals' creditors to set up a plan
for paying off debt is called a __________.
a. Bankruptcy attorney
b. Debt settlement company
c. Debt adjustment bureau - ANSWER-b. Debt settlement company
A traditional IRA is funded with:
a. pre-tax money
b. post-tax money
c. both pre-tax and post-tax money - ANSWER-a. pre-tax money
A(n) __________ certificate represents ownership in a public corporation.
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller LUCKYSTAR2022. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $10.49. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
75057 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now