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CPFM, CPFC Practice Exam 2024/2025 Rated A+
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CPFM, CPFC Practice Exam 2024/2025 Rated A+
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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.
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