Exam 3: General Principles of Financial Planning

Which of the following is a volitional change that a client may want you to help manage?

Which of the following should you do in order to effectively communicate with your clients?

What is at the center of the work that financial planners do on a daily basis?

At what stage should the financial planner assist most in organizing and maintaining retirement income?

If you are expecting to move within two years, what would be the best approach if you are looking for a place to live for those two years?

When calculating unemployment figures in a given population, economists count those:

When should you discuss a client's financial goals?

The going concern concept is defined as:

In 2007, the nominal Gross Domestic Product (GDP) of a small Asian country was 5% and the real GDP growth was 2%. What was the rate of inflation for this country?

Who should implement any recommendations you present to the client?

In economics, when should an investor avoid interest-sensitive securities and long-term debt instrument that pay fixed amounts of interest?

What provides tools and insights that might help you with financial planning for your clients?

The aggregate quantity of raw and manufactured goods demanded by consumers increases when the:

Where would a financial planner find a snapshot of an individual's wealth at particular moment in time?

What term presents macroeconomic statistics used by investors?

In economics, when does the Federal Reserve put money into circulation and expand the supply of credit?

In economics, what concept explains higher prices will increase the supply of a good?

Over the past 8 years, the Zimbabwean currency has lost 90% of its value. This is an example of the ____________ effects of inflation on a local economy.

In the statement of owner's equity, owner's equity or capital is calculated using:

When budgeting, what is an important step that many individuals miss?