PFLit

Front

What component of a legally binding contract does the rent represent?

Back

Consideration

Front

An offer must be made by one party and accepted by the other party in order for a contract to be

Back

legally binding.

Front

Which of the following is an example of involuntary debt: Unsecured line of credit, Automobile loan, Fixed-rate mortgage, Court judgment lien

Back

Court judgment lien

Front

A "spoof," or a fake email that appears real, is part of what investment scam?

Back

Phishing

Front

Which of the following is an example of a regulation that protects investors:
- Brokerage firms are required to abide by equal opportunity employment laws.
- Individuals are not allowed to purchase and sell more than five stocks per week.
- Companies must honestly and publicly disclose their business information.
- Newspapers and magazines are not allowed to report on stock market trends.

Back

Companies must honestly and publicly disclose their business information.

Front

When providing services to clients, financial professionals have the responsibility to supply

Back

accurate information.

Front

What should you do if a financial client reports a problem with her/his portfolio?

Back

Apologize and resolve the problem immediately.

Front

Which of the following is typically an effective method to build trusting relationships with financial clients:
- Contacting clients only when problems arise with their accounts
- Using precise technical language when explaining financial products
- Asking others in the organization to follow up after sales transactions
- Explaining the benefits and drawbacks of different financial products

Back

Explaining the benefits and drawbacks of different financial products

Front

The inputs that allow businesses to operate are called economic

Back

resources.

Front

One of the main reasons why individuals make investments based on their future financial needs is to

Back

generate retirement income.