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ABA CTFA Practice Test - Questions Answers, Page 6
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Question 51
The phase of the economic cycle when levels of employment and production are high and economy is growing, generally accompanied by high prices for goods and services is called:
Question 52
The phase of the economic cycle when levels of employment and production fall and the growth of the economy slows is called:
Question 53
The phase of the economic cycle when levels of employment and production are low and economic growth is at a virtual standstill or even negative is called:
Question 54
Gross domestic product is:
Question 55
It is a measure of inflation based on changes in consumer goods and services:
Question 56
Inflation is a vital concern to financial planning. It affects not only what we pay for our good s and services but also what we earn in our jobs. The amount of goods and services each dollar buys at a given time is:
Question 57
Balance sheet and income statements that serve as essential planning tools for developing and monitoring personal financial plans may be referred as:
Question 58
It's a detailed financial report that looks forward, based on expected income and expenses.
Question 59
The actual value of an asset, or the price of an asset, or the price for which it can reasonably be expected to sell in the open market is its:
Question 60
Tangible assets that are immovable: land and anything fixed to it, such as a house is a person's:
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