AAMS Module 1 Exam with Questions and Answers
AAMS Module 1 Exam with Questions and Answers assets ANSWER things the client owns (even if not fully paid for) cash/cash equivalents(8): anything that can be transformed quickly into cash with little or no loss of principal, and with small or no transaction costs ANSWER bank savings checking accounts CDs treasury bills US savings bonds money market mutual funds money market deposit accounts commercial paper (etc) invested assets(9) ANSWER retirement account balances partnership interests ownership of stock in closely held corporations stocks bonds mutual funds growth fund 401(k) plans rental house (etc) use assets(4): assets used in the course of daily living ANSWER automobiles homes boats
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- December 10, 2024
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aams module 1 exam with questions and answers