ABA CTFA Practice Test - Questions Answers, Page 3

Specially coded plastic cards used to transfer funds from a customer's bank account to the recipient's account to pay for goods or services.

A measure of 'risk per unit of expected return.'

Plaid Pants, Inc. common stock has a beta of 0.90, while Acme Dynamite Company common stock has a beta of 1.80. The expected return on the market is 10 percent, and the risk-free rate is 6 percent. According to the capital-asset pricing model (CAPM) and making use of the information above, the required return on Plaid Pants' common stock should be , and the required return on Acme's common stock should be .

Financial goals cove a wide range of financial aspirations such as:

These are target dates in the future when certain financial objectives are expected to be completed. What are these?

Today's well-defined employee benefits package cover a full spectrum of benefits that may include all EXCEPT:

Tax deferred retirement plans and flexible spending accounts offer tax advantages. Some retirement plans allow you to__________ against them.

Accumulating assets to enjoy in retirement is only part of the:

This is a type of employee benefit plan wherein the employer allocates a certain amount of money and then the employee spends that money for benefits selected from a menu covering everything from child care to health and life insurance to retirement benefits.