Certified Financial Advisor

  1. What are some financial services for short term needs?
    • Daily purchases
    • Living expense payments
    • Emergency Funding
  2. What are some financial services for long term needs?
    • Major purchases
    • Long term financial security
  3. What are the four main categories of financial services that financial institutions offer?
    • Savings
    • Payment Services
    • Borrowing 
    • Other Financial Services
  4. What is a trust?
    A trust is a legal agreement that provides for the management and control of assets by one party for the benefit of another
  5. What are some examples of some deposit type institutions?
    • Commercial banks
    • Savings and loan associates
    • Mutual savings banks
    • Credit Unions
  6. What are some examples of non deposit institutions?
    • Life Insurance Companies
    • Investment companies
    • Finance companies
    • Pawnshops
    • Cheque cashing outlets
  7. What is a money market account?
    A savings account that requires a minimum balance and earns interest based on market interest rates
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Certified Financial Advisor
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