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CFP Exam Prep Test iOS App

Elevate Your Financial Planning Career with Our Comprehensive CFP Exam Prep App

Achieve excellence and confidently pass your CFP® Certification Examination using our meticulously designed CFP Exam Prep Test app. Tailored for both aspiring and seasoned financial professionals, our app equips you with the essential tools and knowledge to excel in the rigorous CFP exam.

Become a Certified Financial Planner with These Key Features:

Realistic Practice Questions Challenge your understanding with sophisticated, well-structured questions that reflect the format and complexity of the actual CFP examination.

Detailed Explanations Enhance your mastery of complex financial concepts with clear, in-depth explanations for each question, covering critical areas such as advanced investment strategies, intricate tax implications, and ethical considerations in financial planning.

Progress Tracking Monitor your learning trajectory with precision. Identify strengths and pinpoint areas requiring further refinement, allowing you to focus your efforts where they are needed most.

Customizable Practice Tests Personalize your study experience by creating custom tests based on specific topics or subtopics. This feature enables targeted learning tailored to your unique preparation needs.

Error Review System Strengthen your proficiency by revisiting and analyzing questions you've previously answered incorrectly, ensuring a robust understanding of all subject matter.

Question Collection Feature Compile challenging questions into a personal collection for ongoing review, reinforcing key concepts and promoting long-term retention.

Offline Access Maintain uninterrupted study sessions anytime, anywhere—even without internet connectivity.

Prepare for your CFP® Certification Examination with unparalleled confidence. The CFP Exam Prep Test app is your ultimate academic companion, providing the analytical tools and practice you require to attain certification and propel your career to new heights in the financial planning sector.

Advance Your Professional Journey Today

Join a community of distinguished financial professionals who have successfully achieved their CFP certification with the assistance of our app. Empower yourself with the expertise and assurance needed to excel in your field.

Example questions

Let's look at some sample questions

What does the duty of loyalty mean in terms of fiduciary duty principles?

Always obeying the client's ordersAlways acting in the best interest of the clientAlways making a profit for the clientAlways protecting the client's confidentiality
The duty of loyalty means always acting in the best interest of the client, even when it conflicts with the fiduciary's own interests.

What is the present value of $400 to be received in 2 years if the discount rate is 2%?

$385$390$395$400
The formula for present value is PV = FV / (1 + r/n)^(nt). Here, FV = $400, r = 2% or 0.02, t = 2 years, and n = 1 (compounded annually). So, PV = $400 / (1 + 0.02/1)^(1*2) = $385.

What should you do after using funds from your emergency fund?

Spend more moneyReplenish the fund as soon as possibleInvest in the stock marketDonate to charity
After using funds from your emergency fund, it's important to replenish the fund as soon as possible to ensure you have a financial safety net in case of future emergencies.

Which of the following insurance policies would provide coverage for a business's physical assets?

Life InsuranceHealth InsuranceProperty InsuranceAuto Insurance
Property insurance provides coverage for a business's physical assets, such as buildings, equipment, and inventory. Life and health insurance are for individuals, and auto insurance is for vehicles.

What is 'insurable interest' in the context of insurance law?

The interest charged on unpaid insurance premiumsThe potential financial loss or other hardship that a person can suffer from the occurrence of a certain eventThe interest earned on the cash value of a life insurance policyThe interest of a policyholder in the continued existence of the insured object or person
'Insurable interest' refers to the potential financial loss or other hardship that a person can suffer from the occurrence of a certain event. Without an insurable interest, an insurance contract is considered void.

Which of the following best describes a 'passive' investment strategy?

Buying and selling stocks frequentlyAttempting to beat the marketFollowing a market indexInvesting in high-risk stocks
A passive investment strategy involves investing in a market index and not attempting to beat the market.

Which of the following does not qualify for the Lifetime Learning Credit?

Undergraduate tuitionGraduate tuitionProfessional degree coursesFitness classes
Fitness classes do not qualify for the Lifetime Learning Credit. The credit applies to higher education expenses only.

Which family member is NOT eligible to receive Social Security benefits based on your work record?

Your spouseYour ex-spouseYour childYour sibling
Your sibling is not eligible to receive Social Security benefits based on your work record. Only your spouse, ex-spouse, and children can potentially qualify for benefits based on your work record.

What is the primary purpose of an irrevocable life insurance trust (ILIT)?

To provide income to the beneficiariesTo avoid probateTo keep the life insurance proceeds out of the insured's taxable estateTo protect assets from creditors
The primary purpose of an ILIT is to keep the life insurance proceeds out of the insured's taxable estate, thereby reducing the amount of estate taxes that may be due upon the insured's death.

What is the impact of financial stress on mental health?

No impactImproves mental healthWorsens mental healthFluctuates mental health
Financial stress typically worsens mental health, leading to issues such as anxiety and depression.