WELCOME TO YANCHY , A PLACE WHERE WE UNLOCK YOUR ACADEMIC OPPORTUNITIES

CFRE EXAM 2024 WITH 100% ACCURATE SOLUTIONS If a donor states that the amount of money an organization is asking for is very large, the best response is to tell the prospective donor that: - correct answer the amount is large, but emphasize the value and long term impact of the gift. When is the most appropriate time to begin devoting time and energy into the development and nurturing of a relationship with a donor? - correct answer Immediately upon receipt of the donor's first gift, irr...

CFRE EXAM 2024 WITH 100% ACCURATE SOLUTIONS An annuity buyer can purchase a single-life annuity for themselves. They will be paid in installments, and when they die, the charity keeps/does not keep the principal. - correct answer keeps A buyer can purchase an annuity for themselves and their spouse, and this is called a _______________________ - correct answer two-life annuity A donor receives credit for their gift when they send a check in an envelope on what date? - correct answer dat...

CFRE EXAM 2024 WITH 100% ACCURATE SOLUTIONS The MOST important step in the process of setting up a prospective donor research programme is to (Relationship Building): - correct answer Establish confidentiality and ethics policies. Which aspect of an organisation's history is MOST often effectively used in appealing to donors? (Relationship Building) - correct answer The role of major donors in developing the current strengths of the organisation. (The long term strength of most chariti...

CFP EXAM 1 2024 WITH 100% ACCURATE SOLUTIONS CFP EXAM 2024 WITH 100% CORRECT ANSWERS

CFP EXAM 1 2024 WITH 100% ACCURATE SOLUTIONS According to CFP Board's Code of Ethics and Standards of conduct, A CFP Professional may represent the CFP Professionals or the CFP Professional's Firm's compensation method as "fee only" only under which set of circumstances? - correct answer The CFP Professional and the CFP professional's firm receives no sales related compensation in connection with any professional services the CFP professional or the CFP Professional's firm provides ...

CFP EXAM 2024 WITH 100% ACCURATE SOLUTIONS What are the Laws of Agency (insurance)? - correct answer Express authority, Implied Authority, Apparent authority What are the Exemptions to Filing as an Investment Adviser? - correct answer - Advisor whose only clients are insurance companies - Family office What are the Exceptions to Filing as an Investment Adviser? - correct answer - Banks that are not also investment companies - Lawyers, accountants, teachers - advice is incidental - ...

CFP EXAM 2024 WITH 100% CORRECT ANSWERS ... - correct answer Topic 1: Financial Planning Process 1. Establish Relationship 2. Gather Information 3. Analyze data 4. Develop plan 5. Implement 6. Monitor - correct answer 6 step process: EGADIM • Services that will be provided • compensation/billing • Responsibilities of both client/planner • Time frame of relationship - correct answer Step 1: Establish Relationship • It is important that goals be defined before any r...

CFP EXAM 2024 WITH 100% ACCURATE SOLUTIONS Savings Strategy: How much of your gross income should you save? - correct answer 5-8% Securities Act of 1933 - correct answer Purchasers of new issues must be provided with a detailed prospectus before transaction. Securities Act of 1934 - correct answer Regulates the secondary Market or trading of issued securities. This act created the SEC Investment Company Act of 1940 - correct answer SEC can regulate UITs, Mutual funds, and variable ...

CFP EXAM 2024 WITH 100% ACCURATE ANSWERS Lisa purchased 500 shares of XYZ stock trading at $40 per share, with an initial margin requirement of 60% and a maintenance margin of 30%. At What price would Lisa receive a margin call? A. $20 B. $22.86 C. $57.14 D. $80.00 - correct answer B. $22.86 40*(1-.60)/ 1-.30= 22.86 Lareen purchased 1000 shares of CWC stock for $80 per share with an initial margin requirement of 65% and a maintenance margin of 40%. Assume the stock price falls to...

CFP EXAM 2024 WITH 100% CORRECT ANSWERS Stafford Loans are administered by: A) Private Loan Administration B) Federal Family Education Loan Program C) Parent loans to undergraduate students D) Federal assistance loan program - correct answer B Perkins loans - correct answer Low-interest federal student loans for undergraduate and graduate students distributed on the basis financial need. Are Parent Loans to Undergraduate Students (PLUS) available to both full and part time stude...