CFP EXAM 2025 WITH COMPLETE
SOLUTIONS!!
1 of 67
Definition
Fed tax changes
Economic changes
Modifications to plan
Give this one a try later!
Step 6: Monitor Reverse Mortgage
, Balloon Mortgage Step 1: Establish Relationship
Don't know?
2 of 67
Definition
Defined-benefit pension plan benefits are insured by the federal
Pension Benefit Guaranty Corporation (PBGC)
Give this one a try later!
Federal Retirement Security Pension Benefit
Agency (FRSA) Guaranty Corporation
(PBGC)
Employee Benefit Insurance National Pension Guarantee
Corporation (EBIC) Association (NPGA)
Don't know?
3 of 67
Definition
Goals are what a person is trying to achieve financially, and a budget
is the plan to accomplish these goals
Give this one a try later!
, Balance sheet vs. indiv. statement of Discretionary vs.
fin. position nondiscretionary expenses
Goals vs. budget Lease vs. buy
Don't know?
4 of 67
Term
Confidential Information can be disclosed only when...
Give this one a try later!
•Integrity
•Objectivity •What is possible?
•Competence •What other actions can be
•Fairness taken other than one currently
•Confidentialit using
y
•May involve consulting other
•Professionalism
professionals
•Diligence
•The client consents
•Comptroller of the
Currency •Court ordered
•Federal Reserve System •CFP must defend accusations
•Federal Deposit Insurance •Civil suit between client
Corporation (FDIC) and CFP
Don't know?
, 5 of 67
Definition
• Life insurance companies invest in mostly long-term assets
like corp. bonds and mortgages
• Property-liability companies invest for shorter term and heavily in
common stock
Give this one a try later!
Liquid vs. marketability/liquid
substitutes Step 4: Develop Plan
Topic 2: Code of Ethics &
Insurance companies
Professional Responsibility +
Disciplinary Rules Procedures
Don't know?
6 of 67
Term
Topic 3: Financial Planning Practice Standards
Give this one a try later!
•what is recommended?
•what strategy will best suit meeting
...
SOLUTIONS!!
1 of 67
Definition
Fed tax changes
Economic changes
Modifications to plan
Give this one a try later!
Step 6: Monitor Reverse Mortgage
, Balloon Mortgage Step 1: Establish Relationship
Don't know?
2 of 67
Definition
Defined-benefit pension plan benefits are insured by the federal
Pension Benefit Guaranty Corporation (PBGC)
Give this one a try later!
Federal Retirement Security Pension Benefit
Agency (FRSA) Guaranty Corporation
(PBGC)
Employee Benefit Insurance National Pension Guarantee
Corporation (EBIC) Association (NPGA)
Don't know?
3 of 67
Definition
Goals are what a person is trying to achieve financially, and a budget
is the plan to accomplish these goals
Give this one a try later!
, Balance sheet vs. indiv. statement of Discretionary vs.
fin. position nondiscretionary expenses
Goals vs. budget Lease vs. buy
Don't know?
4 of 67
Term
Confidential Information can be disclosed only when...
Give this one a try later!
•Integrity
•Objectivity •What is possible?
•Competence •What other actions can be
•Fairness taken other than one currently
•Confidentialit using
y
•May involve consulting other
•Professionalism
professionals
•Diligence
•The client consents
•Comptroller of the
Currency •Court ordered
•Federal Reserve System •CFP must defend accusations
•Federal Deposit Insurance •Civil suit between client
Corporation (FDIC) and CFP
Don't know?
, 5 of 67
Definition
• Life insurance companies invest in mostly long-term assets
like corp. bonds and mortgages
• Property-liability companies invest for shorter term and heavily in
common stock
Give this one a try later!
Liquid vs. marketability/liquid
substitutes Step 4: Develop Plan
Topic 2: Code of Ethics &
Insurance companies
Professional Responsibility +
Disciplinary Rules Procedures
Don't know?
6 of 67
Term
Topic 3: Financial Planning Practice Standards
Give this one a try later!
•what is recommended?
•what strategy will best suit meeting
...
