ABA CTFA Practice Test - Questions Answers, Page 6
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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:
The phase of the economic cycle when levels of employment and production fall and the growth of the economy slows is called:
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:
Gross domestic product is:
It is a measure of inflation based on changes in consumer goods and services:
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:
Balance sheet and income statements that serve as essential planning tools for developing and monitoring personal financial plans may be referred as:
It's a detailed financial report that looks forward, based on expected income and expenses.
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:
Tangible assets that are immovable: land and anything fixed to it, such as a house is a person's:
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