Which of the Following Are Certification Designations in the Field

question 4

Multiple Choice

Which of the following are certification designations in the field of personal financial planning?

• A) Certified financial planner CFP
• B) Certified financial consultant ChFC
• C) Registered financial planner RFP
• D) All of the above
• E) B and C

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Definitions:

Present Value

The current value of a future sum of money or stream of cash flows given a specified rate of return, reflecting the time value of money.

Investment Tax Credit

A tax credit offered to entities to encourage investment in certain assets, offering a reduction in tax liability.

Total Assets Ratio

A financial metric comparing the total assets of a company to another financial measure, used to evaluate the company's financial health.

Tax Deductions

Expenses that can be deducted from adjusted gross income to reduce the amount of taxable income.