IFIC - CHAPTER 4 Getting to Know the Client questions well answered to pass

IFIC - CHAPTER 4 Getting to Know the
Client questions well answered to pass

Family Commitment Years - correct answer ✔✔Which life-cycle stage is distinguished by a lack
of liquidity?



In stage 4, clients are generally more risk averse than in stage 3. - correct answer ✔✔Identify a
characteristic of the life-cycle hypothesis



Nearing Retirement. - correct answer ✔✔Determine the life-cycle stage of a client that has a
substantial investment portfolio with little in the way of day-to-day liquidity requirements.



Mature Earning Years. - correct answer ✔✔Determine the life-cycle stage of a client who has
successfully planned for medium term goals and has a new focus on achieving long term goals



Commodities - correct answer ✔✔The Financial Planning Pyramid; Financial Products for:
Aggressive Investments



Insurance - correct answer ✔✔The Financial Planning Pyramid; Financial Products for: Security



Debentures - correct answer ✔✔The Financial Planning Pyramid; Financial Products for:
Conservative Investment



IPO - correct answer ✔✔The Financial Planning Pyramid; Financial Products for: Very Aggressive
Investment