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ABA CTFA Practice Test - Questions Answers, Page 6

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List of questions

Question 51

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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:

Growth
Growth
Expansion
Expansion
Depression
Depression
Recovery
Recovery
Suggested answer: B
asked 16/09/2024
michiel van de belt
46 questions

Question 52

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The phase of the economic cycle when levels of employment and production fall and the growth of the economy slows is called:

Growth
Growth
Expansion
Expansion
Recession
Recession
Recovery
Recovery
Suggested answer: C
asked 16/09/2024
Olga Trofimova
39 questions

Question 53

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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:

Growth
Growth
Expansion
Expansion
Recession
Recession
Depression
Depression
Suggested answer: D
asked 16/09/2024
Endre Horvath
40 questions

Question 54

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Gross domestic product is:

The total of all goods and services produced in a country used to monitor economic growth
The total of all goods and services produced in a country used to monitor economic growth
The half of all goods and services produced in a country used to monitor economic growth
The half of all goods and services produced in a country used to monitor economic growth
The division of all goods and services produced in a country used to monitor economic growth
The division of all goods and services produced in a country used to monitor economic growth
None of the above
None of the above
Suggested answer: A
asked 16/09/2024
Naing Thet
46 questions

Question 55

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It is a measure of inflation based on changes in consumer goods and services:

Consumer price Index
Consumer price Index
Customer price Index
Customer price Index
Market rate Index
Market rate Index
Market value
Market value
Suggested answer: A
asked 16/09/2024
Ranjan Gupta
40 questions

Question 56

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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:

Purchasing power
Purchasing power
Seller's demand
Seller's demand
Market value
Market value
Sales purchase difference
Sales purchase difference
Suggested answer: A
asked 16/09/2024
John Eestermans
35 questions

Question 57

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Balance sheet and income statements that serve as essential planning tools for developing and monitoring personal financial plans may be referred as:

Personal financial statements
Personal financial statements
Legal financial statements
Legal financial statements
Illegal financial statements
Illegal financial statements
Company profile
Company profile
Suggested answer: A
asked 16/09/2024
Chan Sai Yu
51 questions

Question 58

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It's a detailed financial report that looks forward, based on expected income and expenses.

Balance sheet
Balance sheet
Income Statement
Income Statement
Budget
Budget
Equity turnover
Equity turnover
Suggested answer: C
asked 16/09/2024
Sergey Ushakov
42 questions

Question 59

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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:

Actual price
Actual price
Book value
Book value
Depreciation amount
Depreciation amount
Fair market value
Fair market value
Suggested answer: D
asked 16/09/2024
Vicky Mukhy
37 questions

Question 60

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Tangible assets that are immovable: land and anything fixed to it, such as a house is a person's:

Investment
Investment
Real property
Real property
Liability
Liability
Open credit obligation
Open credit obligation
Suggested answer: B
asked 16/09/2024
Selim OZIS
38 questions
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