Arrange the following steps in sequence order - ANSWER Goal setting,
Generating Solutions, Establish an Action Plan, Implement Plan, Monitor Plan.
At what step does a counselor gather information from the client; income, debt
level etc? - ANSWER Exploring
If a candidate does not achieve a passing grade on their first examination how
long must they wait before retaking the exam? - ANSWER Website: 30.
Exam: 90
Which of the following would be included in the type of assets referred to as
liquid assets? - ANSWER Money market accounts
A revolving savings fund is established to meet the dual purpose of- ANSWER
accumulation of funds to meet large, irregular expenses and providing for
occasional deficits in receipts.
A cash advance can be availed of by accessing
You Answered - ANSWER bank credit card accounts.
Your client lives in Missouri and buys a Utah municipal bond. Your client lived
in Utah previously; he has family there and goes back each year. Assume he is
in the 30% tax bracket (federal) and that Utah charges a 6% tax rate, and
Missouri charges an 8% tax rate. Which of the following taxes will your client
NOT have to pay? - ANSWER Federal and Utah taxes
, Megan has had a successful career in sales up until a year ago when she took a
year off to try to start her own business teaching harmonica lessons.
Abandoning the business, she is preparing to apply for a job as a sales manager
with a new firm. She has no doubt that her experience in sales will be viewed as
particularly valuable. What type of resume should Megan prepare? - ANSWER
Functional resume. A functional resume emphasizes career-related experiences,
which is what Megan wants to focus on.
Which of the following is an example of a process goal? - ANSWER I will
arrange my office in ways that will help my client lower their stress level.
The basis for financial planning is - ANSWER personal values
Your client wants to buy an apartment building. Without having to call an
attorney, what type of business entity should she form? - ANSWER Limited
Liability Company (LLC)
What is the maximum rent-to-income ratio? - ANSWER 30%
Which of the following is not a way of reducing taxable income? - ANSWER
Reducing deductions
While re-viewing her credit report a client notices a late payment July. She
knows she paid on time so she files a dispute with the credit bureau. How long
does the credit bureau have to investigate the error? - ANSWER 45 days
Noninstallment credit includes - ANSWER both single-payment loans and
open-end credit.
Generating Solutions, Establish an Action Plan, Implement Plan, Monitor Plan.
At what step does a counselor gather information from the client; income, debt
level etc? - ANSWER Exploring
If a candidate does not achieve a passing grade on their first examination how
long must they wait before retaking the exam? - ANSWER Website: 30.
Exam: 90
Which of the following would be included in the type of assets referred to as
liquid assets? - ANSWER Money market accounts
A revolving savings fund is established to meet the dual purpose of- ANSWER
accumulation of funds to meet large, irregular expenses and providing for
occasional deficits in receipts.
A cash advance can be availed of by accessing
You Answered - ANSWER bank credit card accounts.
Your client lives in Missouri and buys a Utah municipal bond. Your client lived
in Utah previously; he has family there and goes back each year. Assume he is
in the 30% tax bracket (federal) and that Utah charges a 6% tax rate, and
Missouri charges an 8% tax rate. Which of the following taxes will your client
NOT have to pay? - ANSWER Federal and Utah taxes
, Megan has had a successful career in sales up until a year ago when she took a
year off to try to start her own business teaching harmonica lessons.
Abandoning the business, she is preparing to apply for a job as a sales manager
with a new firm. She has no doubt that her experience in sales will be viewed as
particularly valuable. What type of resume should Megan prepare? - ANSWER
Functional resume. A functional resume emphasizes career-related experiences,
which is what Megan wants to focus on.
Which of the following is an example of a process goal? - ANSWER I will
arrange my office in ways that will help my client lower their stress level.
The basis for financial planning is - ANSWER personal values
Your client wants to buy an apartment building. Without having to call an
attorney, what type of business entity should she form? - ANSWER Limited
Liability Company (LLC)
What is the maximum rent-to-income ratio? - ANSWER 30%
Which of the following is not a way of reducing taxable income? - ANSWER
Reducing deductions
While re-viewing her credit report a client notices a late payment July. She
knows she paid on time so she files a dispute with the credit bureau. How long
does the credit bureau have to investigate the error? - ANSWER 45 days
Noninstallment credit includes - ANSWER both single-payment loans and
open-end credit.
